Canada: Suspension System Market 2025

Suspension System Market Size in Canada

The Canadian suspension system market reached $X in 2022, rising by 5.3% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.5% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Suspension System Production in Canada

In value terms, suspension system production expanded notably to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The growth pace was the most rapid in 2016 when the production volume increased by 84% against the previous year. Suspension system production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Suspension System Exports

Exports from Canada

In 2022, overseas shipments of suspension systems increased by 43% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, suspension system exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for suspension system exports from Canada, with a 91% share of total exports. Moreover, suspension system exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

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 ($X) remains the key foreign market for suspension systems exports from Canada, comprising 91% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6.1% share of total exports.

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

Export Prices by Country

In 2022, the average suspension system export price amounted to $X per ton, dropping by -7.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%).

Suspension System Imports

Imports into Canada

In 2022, purchases abroad of suspension systems was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a perceptible decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, suspension system imports surged to $X in 2022. Over the period under review, imports, however, saw a pronounced curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of suspension system to Canada, accounting for a 55% share of total imports. Moreover, suspension system imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.3% per year) and Mexico (+1.3% per year).

In value terms, the United States ($X) constituted the largest supplier of suspension systems to Canada, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Mexico, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.4% per year) and Mexico (+0.5% per year).

Import Prices by Country

In 2022, the average suspension system import price amounted to $X per ton, shrinking by -1.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 10% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the price for South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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