Canada: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Canada

The Canadian fuel or lubricating pump market contracted sharply to $X in 2021, with a decrease of -20.7% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.0% against 2019 indices. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Canada

In value terms, fuel or lubricating pump production contracted significantly to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +30.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 60%. As a result, production attained the peak level of $X, and then shrank sharply in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Canada

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -9.6% to X units, falling for the fifth year in a row after five years of growth. Overall, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2015 when exports increased by 17%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports shrank slightly to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) and the United States (X units) were the main destinations of fuel or lubricating pump exports from Canada.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +42.1%).

In value terms, the largest markets for fuel or lubricating pump exported from Canada were Mexico ($X) and the United States ($X).

Among the main countries of destination, Mexico, with a CAGR of +46.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, picking up by 6.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2014 when the average export price increased by 38%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.0%).

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Canada

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were imported into Canada; falling by -16.5% compared with the previous year. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by 13%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports expanded modestly to $X in 2021. Over the period under review, imports showed a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of 5.2% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest fuel or lubricating pump supplier to Canada, accounting for a 60% share of total imports. Moreover, fuel or lubricating pump imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-6.4% per year) and China (-4.2% per year).

In value terms, the United States ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Canada, comprising 59% of total imports. The second position in the ranking was held by Mexico ($X), with a 16% share of total imports. It was followed by China, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-6.2% per year) and China (-0.7% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, growing by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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