Canada: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Canada

The Canadian safes and strongboxes market skyrocketed to $X in 2021, picking up by 21% 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). Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Safes And Strongboxes Exports

Exports from Canada

In 2021, after two years of growth, there was significant decline in shipments abroad of safes, strongboxes and doors of base metal, when their volume decreased by -17.5% to X tons. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 46%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, safes and strongboxes exports reached $X in 2021. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 57%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for safes and strongboxes exports from Canada, with a 94% share of total exports. It was followed by the Dominican Republic (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-44.1% per year) and the Netherlands (-57.0% per year).

In value terms, the United States ($X) remains the key foreign market for safes, strongboxes and doors of base metal exports from Canada, comprising 94% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-42.4% per year) and the Netherlands (-55.6% per year).

Export Prices by Country

In 2021, the average safes and strongboxes export price amounted to $X per ton, growing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2018 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Canada

In 2021, safes and strongboxes imports into Canada expanded rapidly to X tons, surging by 6.6% against 2020 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 12%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, safes and strongboxes imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of safes and strongboxes to Canada, accounting for a 52% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.5% per year) and Mexico (+30.7% per year).

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Canada, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports. It was followed by Mexico, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.2% per year) and Mexico (+31.2% per year).

Import Prices by Country

The average safes and strongboxes import price stood at $X per ton in 2021, surging by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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