Canada: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Canada

The Canadian tanned or dressed furskins market reduced to $X in 2022, which is down by -7.1% against the previous year. In general, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Tanned or Dressed Furskins in Canada

In value terms, tanned or dressed furskins production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild descent. The growth pace was the most rapid in 2014 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Tanned or Dressed Furskins

Exports from Canada

In 2022, the amount of tanned or dressed furskins exported from Canada contracted to X units, shrinking by -5% on the previous year's figure. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 380% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports reduced sharply to $X in 2022. Overall, exports saw a sharp curtailment. The growth pace was the most rapid in 2018 when exports increased by 11%. Over the period under review, the exports reached the peak figure 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 tanned or dressed furskins exports from Canada, with a 53% share of total exports. Moreover, tanned or dressed furskins exports to the United States exceeded the volume sent to the second major destination, Italy (X units), threefold. China (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+23.7% per year) and China (+0.9% per year).

In value terms, the United States ($X) remains the key foreign market for tanned or dressed furskins exports from Canada, comprising 52% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by China, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-6.8% per year) and China (-25.7% per year).

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2022, reducing by -30.2% against the previous year. Overall, the export price continues to indicate a precipitous shrinkage. The growth pace was the most rapid in 2018 an increase of 229% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($X per unit) and France ($X per unit), while the average price for exports to China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (-22.5%), while the prices for the other major destinations experienced a decline.

Imports of Tanned or Dressed Furskins

Imports into Canada

In 2022, approx. X units of tanned or dressed furskins were imported into Canada; dropping by -10.6% on 2021. Overall, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 3,957% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, tanned or dressed furskins imports shrank rapidly to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tanned or dressed furskins to Canada, with a 55% share of total imports. Moreover, tanned or dressed furskins imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Finland (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.5% per year) and Finland (+17.9% per year).

In value terms, China ($X) constituted the largest supplier of tanned or dressed furskins to Canada, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Finland, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.9% per year) and Finland (-4.2% per year).

Import Prices by Country

The average tanned or dressed furskins import price stood at $X per unit in 2022, with a decrease of -27.5% against the previous year. Overall, the import price faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 2,448% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 the United States ($X per unit) and Denmark ($X per unit), while the price for China ($X per unit) and Argentina ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-16.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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