Canada: Silencer Market 2024

Silencer Market Size in Canada

The Canadian silencer market contracted markedly to $X in 2021, dropping by -15.9% against the previous year. Overall, consumption showed a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silencer Production in Canada

In value terms, silencer production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 53% against the previous year. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Silencer Exports

Exports from Canada

Silencer exports from Canada skyrocketed to X tons in 2021, increasing by 20% on the year before. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, silencer exports surged to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 tons) was the main destination for silencer exports from Canada, accounting for a 93% share of total exports. Moreover, silencer exports to the United States exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +1.6%.

In value terms, the United States ($X) remains the key foreign market for silencer exports from Canada, comprising 93% of total exports. The second position in the ranking was held by Finland ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +7.2%.

Export Prices by Country

In 2021, the average silencer export price amounted to $X per ton, rising by 26% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silencer export price increased by +86.8% against 2014 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Finland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%).

Silencer Imports

Imports into Canada

After two years of decline, supplies from abroad of silencers and exhaust pipes increased by 8.9% to X tons in 2021. Over the period under review, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 16%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silencer imports rose markedly to $X in 2021. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of silencer to Canada, accounting for a 68% share of total imports. Moreover, silencer imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.7% per year) and Germany (+7.2% per year).

In value terms, the United States ($X) constituted the largest supplier of silencer to Canada, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Germany, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and Germany (+10.0% per year).

Import Prices by Country

In 2021, the average silencer import price amounted to $X per ton, dropping by -1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 an increase of 14%. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :