Canada: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Canada

The Canadian market for motor vehicle chassis fitted with engines fell dramatically to $X in 2022, which is down by -52.6% against the previous year. In general, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Canada

In value terms, production of motor vehicle chassis fitted with engines skyrocketed to $X in 2022 estimated in export price. In general, production, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 127% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Canada

In 2022, shipments abroad of motor vehicle chassis fitted with engines increased by 550% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of motor vehicle chassis fitted with engines soared to $X in 2022. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 601% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Canada, with a 99% share of total exports. It was followed by Lebanon (X units), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-23.7% per year) and Australia (-34.0% per year).

In value terms, the United States ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Canada, comprising 100% of total exports. The second position in the ranking was held by Lebanon ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-22.6% per year) and Australia (-29.7% per year).

Export Prices by Country

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, which is down by -18.1% against the previous year. In general, the export price, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 299% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Canada

In 2022, the amount of motor vehicle chassis fitted with engines imported into Canada contracted remarkably to X units, falling by -71.4% compared with the year before. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 255% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of motor vehicle chassis fitted with engines reduced rapidly to $X in 2022. Over the period under review, imports recorded a perceptible setback. The growth pace was the most rapid in 2013 with an increase of 108% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Canada, accounting for a 84% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and Italy (-19.7% per year).

In value terms, the United States ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Canada, comprising 97% of total imports. The second position in the ranking was taken by Italy ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.3% per year) and China (+2.7% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, surging by 147% against the previous year. In general, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2015 an increase of 246%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :