Canada: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Canada

In 2021, after two years of growth, there was significant decline in the Canadian respiration apparatus market, when its value decreased by -12.2% to $X. In general, consumption, however, posted tangible growth. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Respiration Apparatus Production in Canada

In value terms, respiration apparatus production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2019 with an increase of 164%. Respiration apparatus production peaked at $X in 2020, and then shrank notably in the following year.

Respiration Apparatus Exports

Exports from Canada

In 2021, overseas shipments of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -22.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 260% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped notably in the following year.

In value terms, respiration apparatus exports fell dramatically to $X in 2021. Overall, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for respiration apparatus exports from Canada, with a 47% share of total exports. Moreover, respiration apparatus exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sixfold. The third position in this ranking was held by India (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+26.1% per year) and India (+63.6% per year).

In value terms, the United States ($X) remains the key foreign market for respiration apparatus exports from Canada, comprising 47% of total exports. The second position in the ranking was held by the UK ($X), with an 8.5% share of total exports. It was followed by India, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+23.2% per year) and India (+59.9% per year).

Export Prices by Country

In 2021, the average respiration apparatus export price amounted to $X per ton, picking up by 9% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2015 an increase of 79%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were New Zealand ($X per ton) and Mexico ($X per ton), while the average price for exports to Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-2.1%), while the prices for the other major destinations experienced a decline.

Respiration Apparatus Imports

Imports into Canada

In 2021, the amount of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imported into Canada declined rapidly to X tons, with a decrease of -18.1% against the year before. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.7% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, respiration apparatus imports shrank to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.2% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 43%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Australia (X tons), the United States (X tons) and New Zealand (X tons) were the main suppliers of respiration apparatus imports to Canada, together comprising 67% of total imports. These countries were followed by Mexico, China, Singapore and Switzerland, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +137.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest respiration apparatus suppliers to Canada were Australia ($X), the United States ($X) and New Zealand ($X), together comprising 67% of total imports. Mexico, China, Singapore and Switzerland lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Singapore, with a CAGR of +138.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average respiration apparatus import price amounted to $X per ton, growing by 7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 7.4%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per ton) and Mexico ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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