Canada: Ignition Magneto Market 2025

Ignition Magneto Market Size in Canada

After three years of growth, the Canadian ignition magneto market decreased by -6.2% to $X in 2021. In general, consumption, however, recorded a relatively flat trend pattern. Ignition magneto consumption peaked at $X in 2020, and then contracted in the following year.

Ignition Magneto Production in Canada

In value terms, ignition magneto production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 30%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Ignition Magneto Exports

Exports from Canada

In 2021, shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by -15.2% to X units, falling for the fifth year in a row after five years of growth. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, ignition magneto exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for ignition magneto exports from Canada, with a 55% share of total exports. Moreover, ignition magneto exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), twofold. Belgium (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-16.0% per year) and Belgium (+2.7% per year).

In value terms, the United States ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Canada, comprising 55% of total exports. The second position in the ranking was held by Colombia ($X), with a 26% share of total exports. It was followed by Belgium, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-6.7% per year) and Belgium (+14.1% per year).

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, picking up by 83% against the previous year. Overall, the export price continues to indicate a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Finland ($X per unit) and Israel ($X per unit), while the average price for exports to Colombia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into Canada

For the third consecutive year, Canada recorded growth in overseas purchases of ignition magnetos, magneto-dynamos and magnetic flywheels, which increased by 20% to X units in 2021. Overall, imports posted a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, ignition magneto imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Croatia (X units) were the main suppliers of ignition magneto imports to Canada, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +34.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Canada, comprising 71% of total imports. The second position in the ranking was taken by Croatia ($X), with an 11% share of total imports. It was followed by China, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+25.6% per year) and China (-3.4% per year).

Import Prices by Country

In 2021, the average ignition magneto import price amounted to $X per unit, picking up by 3.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 52% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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