Canada: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Canada

In 2022, the Canadian billiard accessoires market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Billiard Accessoires Production in Canada

In value terms, billiard accessoires production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 77%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Billiard Accessoires Exports

Exports from Canada

Billiard accessoires exports from Canada soared to X tons in 2022, increasing by 28% against the previous year. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 164% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, billiard accessoires exports rose slightly to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for billiard accessoires exports from Canada, accounting for a 92% share of total exports. Moreover, billiard accessoires exports to the United States exceeded the volume sent to the second major destination, Barbados (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+85.2% per year) and Hong Kong SAR (-20.4% per year).

In value terms, the United States ($X) remains the key foreign market for articles and accessories for billiards exports from Canada, comprising 97% of total exports. The second position in the ranking was taken by Barbados ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+42.5% per year) and Hong Kong SAR (-18.4% per year).

Export Prices by Country

In 2022, the average billiard accessoires export price amounted to $X per ton, waning by -19.4% against the previous year. In general, the export price, however, saw modest growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Barbados ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Billiard Accessoires Imports

Imports into Canada

For the fourth consecutive year, Canada recorded growth in overseas purchases of articles and accessories for billiards, which increased by 60% to X tons in 2022. Over the period under review, imports continue to indicate moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, billiard accessoires imports reached $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest billiard accessoires supplier to Canada, accounting for a 55% share of total imports. Moreover, billiard accessoires imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.5% per year) and Vietnam (+11.9% per year).

In value terms, China ($X) constituted the largest supplier of articles and accessories for billiards to Canada, comprising 55% of total imports. The second position in the ranking was taken by the United States ($X), with a 25% share of total imports. It was followed by Vietnam, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Vietnam (+11.3% per year).

Import Prices by Country

The average billiard accessoires import price stood at $X per ton in 2022, falling by -33.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and the United States ($X per ton), while the price for Spain ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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