Canada: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in Canada

After six years of growth, the Canadian refrigerated show-cases market decreased by -6.6% to $X in 2022. Overall, consumption, however, showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Refrigerated Show-Cases Production in Canada

In value terms, refrigerated show-cases production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 141%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Refrigerated Show-Cases Exports

Exports from Canada

In 2022, overseas shipments of refrigerated show-caseses increased by 42% to X units for the first time since 2016, thus ending a five-year declining trend. In general, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 62% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerated show-cases exports surged to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for refrigerated show-cases exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +3.5%.

In value terms, the United States ($X) also remains the key foreign market for refrigerated show-caseses exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +4.6%.

Export Prices by Country

In 2022, the average refrigerated show-cases export price amounted to $X per unit, dropping by -5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.1% per year.

Refrigerated Show-Cases Imports

Imports into Canada

In 2022, after three years of growth, there was significant decline in purchases abroad of refrigerated show-caseses, when their volume decreased by -12.4% to X units. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 49%. Over the period under review, imports reached the peak figure at X units in 2021, and then declined in the following year.

In value terms, refrigerated show-cases imports rose modestly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of refrigerated show-cases imports to Canada, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +10.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of refrigerated show-caseses to Canada, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.3% per year) and Mexico (+4.2% per year).

Import Prices by Country

The average refrigerated show-cases import price stood at $X per unit in 2022, growing by 16% against the previous year. Overall, the import price, however, showed a drastic downturn. The import price peaked at $X per unit in 2014; however, from 2015 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform