Canada: Ball Market 2024

Ball Market Size in Canada

In 2022, the Canadian ball market increased by 29% to $X, rising for the second year in a row after four years of decline. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Ball Exports

Exports from Canada

In 2022, shipments abroad of balls increased by 66% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 112%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ball exports skyrocketed to $X in 2022. In general, exports, however, showed a perceptible descent. The growth pace was the most rapid in 2015 when exports increased by 155% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for ball exports from Canada, with a 86% share of total exports. Moreover, ball exports to the United States exceeded the volume sent to the second major destination, Spain (X units), more than tenfold. Switzerland (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+68.4% per year) and Switzerland (-0.3% per year).

In value terms, the United States ($X) remains the key foreign market for balls exports from Canada, comprising 87% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.9% share of total exports. It was followed by Switzerland, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+68.1% per year) and Switzerland (-0.6% per year).

Export Prices by Country

In 2022, the average ball export price amounted to $X per unit, falling by -30.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 219% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+56.1%), while the prices for the other major destinations experienced mixed trend patterns.

Ball Imports

Imports into Canada

In 2022, purchases abroad of balls increased by 16% to X units, rising for the second consecutive year after three years of decline. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, ball imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest ball supplier to Canada, accounting for a 72% share of total imports. Moreover, ball imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sixfold. Vietnam (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.6% per year) and Vietnam (+31.7% per year).

In value terms, China ($X) constituted the largest supplier of balls to Canada, comprising 51% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+34.6% per year) and Thailand (+5.5% per year).

Import Prices by Country

The average ball import price stood at $X per unit in 2022, picking up by 16% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball import price decreased by -7.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 36%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :