Canada's Export Price of Jacks And Hoists Rises 12% to $22.0 per Unit

Canada

In June 2023, the price of jacks and hoists for export from Canada stood at $22.0 per unit, marking a 12% increase compared to the previous month. The export price has generally shown a relatively stable trend, with the most significant growth observed in November 2022, recording a 17% monthly increase. The export price reached its peak in June 2023. The prices varied across destination countries, with Mexico having the highest price at $67.7 per unit, while the average export price to the United States was $21.7 per unit. The notable price growth in terms of exports to Mexico was 12.7% from June 2022 to June 2023. During June 2023, Canada exported approximately 359K units of jacks and hoists for raising vehicles, experiencing an 11.8% decline compared to the previous month. Overall, exports have exhibited a significant decrease. The highest growth rate was recorded in December 2022, with a 57% month-to-month increase. However, export volumes remained relatively lower from September 2022 to June 2023 compared to the peak of 511K units in August 2022. In terms of value, jacks and hoists exports slightly contracted to $7.9M in June 2023. The exports demonstrated a minor decline during the assessed period, reaching a peak of 10M units in June 2022. The United States was the primary destination for Canada's jacks and hoists exports, accounting for 100% of total exports, followed by Mexico with a negligible share. The key foreign market for Canada's jacks and hoists exports in terms of value was the United States, comprising 99% of total exports, with Mexico being the second-ranking country. The export volume to the United States experienced a relatively modest average monthly growth rate, while the value displayed a similar trend.

Source: IndexBox Market Intelligence Platform

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