Canada: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Canada

In 2020, the Canadian market for instrument panel and wall clocks increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Instrument Panel And Wall Clocks in Canada

In value terms, instrument panel and wall clock production skyrocketed to $X in 2020 estimated in export prices. Overall, production, however, posted a modest expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X% year-to-year. Instrument panel and wall clock production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Canada

In 2020, instrument panel and wall clock exports from Canada soared to X tons, increasing by X% compared with the previous year. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, instrument panel and wall clock exports surged to $X in 2020. Overall, exports showed a slight shrinkage. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for instrument panel and wall clock exports from Canada, with a X% share of total exports. Moreover, instrument panel and wall clock exports to the United States exceeded the volume sent to the second major destination, Cambodia (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and the UK (+X% per year).

In value terms, the United States ($X) remains the key foreign market for instrument panel and wall clock exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United States amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Cambodia (+X% per year).

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Canada

In 2020, purchases abroad of instrument panel and wall clocks increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, instrument panel and wall clock imports dropped to $X in 2020. Overall, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2017 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest instrument panel and wall clock supplier to Canada, with a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the United States (-X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Canada, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the United States (-X% per year).

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :