Canada: Drawing Board Market 2024

Drawing Board Market Size in Canada

In 2022, the Canadian drawing board market increased by 5.4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Drawing board consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Drawing Board Production in Canada

In value terms, drawing board production surged to $X in 2022 estimated in export price. In general, production, however, saw a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 165% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Drawing Board Exports

Exports from Canada

In 2022, drawing board exports from Canada reduced rapidly to X units, falling by -18.2% on 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 68%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, drawing board exports dropped dramatically to $X in 2022. Over the period under review, exports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2013 with an increase of 68%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for drawing board exports from Canada, with a approx. 95% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for slates and boards with writing or drawing surfaces exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +2.9%.

Export Prices by Country

In 2022, the average drawing board export price amounted to $X per unit, falling by -6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined 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 +2.4% per year.

Drawing Board Imports

Imports into Canada

In 2022, the amount of slates and boards with writing or drawing surfaces imported into Canada shrank to X units, waning by -6.3% on 2021. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, drawing board imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Indonesia (X units) were the main suppliers of drawing board imports to Canada, together accounting for 95% of total imports. Portugal and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 3.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +42.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest drawing board suppliers to Canada were China ($X), the United States ($X) and Indonesia ($X), with a combined 95% share of total imports. Portugal and Taiwan (Chinese) lagged somewhat behind, together comprising a further 3.2%.

Portugal, with a CAGR of +44.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, picking up by 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 11%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Indonesia ($X per unit) and Portugal ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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