Canada: Magnetic Media Market 2024

Magnetic Media Market Size in Canada

After four years of decline, the Canadian magnetic media market increased by 20% to $X in 2021. Overall, consumption, however, continues to indicate a deep reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Magnetic Media Production in Canada

In value terms, magnetic media production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 131% against the previous year. Magnetic media production peaked at $X in 2020, and then reduced in the following year.

Magnetic Media Exports

Exports from Canada

After two years of decline, overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe increased by 50% to X units in 2021. Overall, exports, however, saw a abrupt downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, magnetic media exports soared to $X in 2021. In general, exports, however, faced a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main destinations of magnetic media exports from Canada, together comprising 69% of total exports. These countries were followed by France, the UK, Benin, Vietnam, Mali, Thailand, Germany, South Korea, Japan and Australia, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +120.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for magnetic media exported from Canada were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 65% share of total exports. France, the UK, Benin, Thailand, Vietnam, Mali, Germany, South Korea, Japan and Australia lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Mali, with a CAGR of +159.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, with an increase of 9.6% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, magnetic media export price increased by +29.6% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of 17% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per unit) and Australia ($X per unit), while the average price for exports to France ($X per unit) and China ($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 Vietnam (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Canada

In 2021, overseas purchases of magnetic media, not recorded, except cards with a magnetic stripe were finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, showed a abrupt descent. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a deep slump. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of magnetic media to Canada, accounting for a 53% share of total imports. Moreover, magnetic media imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. China (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.2% per year) and China (-9.1% per year).

In value terms, Japan ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Canada, comprising 54% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-21.5% per year) and Singapore (+14.3% per year).

Import Prices by Country

In 2021, the average magnetic media import price amounted to $X per unit, which is down by -8% against the previous year. Overall, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 an increase of 43% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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