Canada: Travel Set Market 2024

Travel Set Market Size in Canada

After two years of growth, the Canadian travel set market decreased by -16.3% to $X in 2021. Over the period under review, consumption, however, saw a prominent expansion. Travel set consumption peaked at $X in 2020, and then reduced rapidly in the following year.

Travel Set Production in Canada

In value terms, travel set production fell rapidly to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of 127% against the previous year. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Travel Set Exports

Exports from Canada

Travel set exports from Canada reached X units in 2021, with an increase of 4.5% against the year before. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 68% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, travel set exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 46%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Iraq (X units) was the main destination for travel set exports from Canada, with a 79% share of total exports. Moreover, travel set exports to Iraq exceeded the volume sent to the second major destination, Jamaica (X units), more than tenfold. The third position in this ranking was held by Panama (X units), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq amounted to +211.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-11.1% per year) and Panama (+49.4% per year).

In value terms, Iraq ($X) emerged as the key foreign market for travel sets exports from Canada, comprising 82% of total exports. The second position in the ranking was held by Jamaica ($X), with a 4.1% share of total exports. It was followed by Panama, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Iraq totaled +373.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-14.3% per year) and Panama (+21.7% per year).

Export Prices by Country

In 2021, the average travel set export price amounted to $X per unit, with an increase of 24% against the previous year. Over the period under review, the export price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+52.2%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Canada

In 2021, purchases abroad of travel sets decreased by -15.3% to X units, falling for the second year in a row after two years of growth. In general, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2019 with an increase of 49%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, travel set imports dropped to $X in 2021. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2019 with an increase of 54% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Belgium (X units) and the United States (X units) were the main suppliers of travel set imports to Canada, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +165.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest travel set suppliers to Canada were China ($X), Belgium ($X) and the United States ($X), together accounting for 91% of total imports.

Among the main suppliers, Belgium, with a CAGR of +166.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, rising by 7.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per unit) and the United States ($X per unit), while the price for the UK ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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