Canada: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Canada

The Canadian snow motor vehicle market soared to $X in 2022, growing by 64% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a mild expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Snow Motor Vehicle Exports

Exports from Canada

In 2022, approx. X units of motor vehicles for travelling on snow or golf cars were exported from Canada; growing by 24% against the previous year's figure. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, snow motor vehicle exports surged to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for snow motor vehicle exports from Canada, with a 97% share of total exports. It was followed by Finland (X units), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +7.1%.

In value terms, the United States ($X) remains the key foreign market for motor vehicles for travelling on snow or golf cars exports from Canada, comprising 97% of total exports. The second position in the ranking was held by Finland ($X), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +11.0%.

Export Prices by Country

The average snow motor vehicle export price stood at $X per unit in 2022, rising by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Canada

In 2022, the amount of motor vehicles for travelling on snow or golf cars imported into Canada surged to X units, with an increase of 36% on the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, snow motor vehicle imports surged to $X in 2022. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest snow motor vehicle supplier to Canada, accounting for a 55% share of total imports. Moreover, snow motor vehicle imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. The third position in this ranking was taken by Finland (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.1% per year) and Finland (+6.9% per year).

In value terms, the United States ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Canada, comprising 57% of total imports. The second position in the ranking was taken by Mexico ($X), with a 24% share of total imports. It was followed by Finland, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.1% per year) and Finland (+6.2% per year).

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, with an increase of 9.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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