Canada: Hand Stamp Market 2024

Hand Stamp Market Size in Canada

The Canadian hand stamp market shrank to $X in 2022, waning by -12.1% against the previous year. In general, consumption continues to indicate a perceptible contraction. Hand stamp consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hand Stamp Production in Canada

In value terms, hand stamp production dropped to $X in 2022 estimated in export price. In general, production, however, posted modest growth. The growth pace was the most rapid in 2018 when the production volume increased by 91%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Hand Stamp Exports

Exports from Canada

In 2022, shipments abroad of stamps for use in the hand increased by 161% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hand stamp exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for hand stamp exports from Canada, with a 67% share of total exports. Moreover, hand stamp exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Australia (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+51.7% per year) and Australia (+47.5% per year).

In value terms, the United States ($X) remains the key foreign market for stamps for use in the hand exports from Canada, comprising 67% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports. It was followed by Australia, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+52.7% per year) and Australia (+48.6% per year).

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, dropping by -10.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 18%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Canada

Hand stamp imports into Canada dropped to X units in 2022, therefore, remained relatively stable against 2021 figures. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by 13%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hand stamp imports dropped to $X in 2022. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 15%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of hand stamp to Canada, with a 46% share of total imports. Moreover, hand stamp imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Austria (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.8% per year) and Austria (-11.9% per year).

In value terms, the United States ($X) constituted the largest supplier of stamps for use in the hand to Canada, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Austria, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.9% per year) and Austria (-12.9% per year).

Import Prices by Country

The average hand stamp import price stood at $X per unit in 2022, declining by -8% against the previous year. In general, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 13%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Romania ($X per unit), while the price for Italy ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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