After two years of decline, the Canadian market for pulley tackle and hoists powered by an electric motor increased by X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.
In 2021, the export of motor-driven pulley blocks and hoists from Canada will shrink slightly to X units, reflecting the situation of the previous year. During the reporting period, exports faced a severe contraction. The growth rate in 2014 was the most significant, with an increase of X% compared with the previous year. In 2012, the export volume reached the peak of X sets; However, from 2013 to 2021, exports remained at a low level.
In terms of value, in 2021, the export of pulley blocks and hoists driven by electric motors soared to $X. Overall, however, exports grew slightly. Therefore, the export reached its peak and may continue to grow in the short term.
The United States (Taiwan X) is the main export destination of motor driven pulley blocks and hoists in Canada, accounting for X% of the total export. In addition, the number of electric pulley blocks and cranes exported to the United States is more than ten times that to Australia, the second largest destination (X sets).
From 2012 to 2021, the average annual growth rate of US exports is - X%.
In terms of value, the United States (US $X) is still the main foreign market for motor driven pulley blocks and hoists in Canada, accounting for X% of total exports. Australia (US $X) ranked second, accounting for X% of total exports.
From 2012 to 2021, the average annual growth rate of American value is - X%.
In 2021, after two years of decline, the foreign supply of motor driven pulley blocks and hoists finally rise to X sets. However, in general, the trend of imports is relatively flat. The most significant growth rate was in 2017, with imports increasing by X% year on year. During the reporting period, the import reached a record high of X units in 2018; However, from 2019 to 2021, the number of imports has declined.
In terms of value, the import value of pulley block, sliding gear and hoist driven by electric motor will reach X dollars in 2021. However, on the whole, the import volume declined slightly. The most significant growth rate occurred in 2018, with a year-on-year growth of X%. As a result, imports reached a peak of $X. From 2019 to 2021, import growth failed to regain momentum.
In 2021, Mexico (X sets) will be the largest pulley block and crane powered by motor suppliers in Canada, accounting for X% of the total import share. In addition, the number of pulley blocks and electric motor driven cranes imported from Mexico is more than 10 times that of China (X sets), the second largest supplier.
From 2012 to 2021, the average annual growth rate of Mexico's exports is relatively moderate. The average annual import growth rate of the remaining supplier countries is as follows: China (- X% per year) and the United States (+X% per year). By value, the largest pulley blocks and cranes powered by Canadian motor suppliers are Mexico (US $X), the United States (US $X) and China (US $X), accounting for X% of the total import share. As far as the major supplier countries are concerned, during the reporting period, Mexico had a compound annual growth rate of+X%, with the highest growth rate in terms of import value, while procurement from other major supplier countries was mixed.
In value terms, Mexico, the United States and China were the largest pulley tackle and hoists powered by an electric motor suppliers to Canada, with a combined 78% share of total imports.
In value terms, the United States remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Canada, comprising 45% of total exports. The second position in the ranking was held by Australia, with a 4.6% share of total exports.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $648 per unit, jumping by 104% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $221 per unit, dropping by -4.5% against the previous year.
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