Canada: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Canada

The Canadian non-propelled vehicle market surged to $X in 2021, with an increase of 27% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.5% against 2016 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Non-Propelled Vehicle Production in Canada

In value terms, non-propelled vehicle production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Non-Propelled Vehicle Exports

Exports from Canada

Non-propelled vehicle exports from Canada soared to X units in 2021, increasing by 26% compared with the previous year's figure. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, non-propelled vehicle exports soared to $X in 2021. Overall, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 23%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-propelled vehicle exports from Canada, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +6.8%.

In value terms, the United States ($X) also remains the key foreign market for non-propelled vehicle exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +4.9%.

Export Prices by Country

In 2021, the average non-propelled vehicle export price amounted to $X per unit, dropping by -4.5% against the previous year. In general, the export price saw a noticeable contraction. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -1.8% per year.

Non-Propelled Vehicle Imports

Imports into Canada

Non-propelled vehicle imports into Canada surged to X units in 2021, jumping by 25% compared with 2020. The total import volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports surged to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-propelled vehicle to Canada, with a 69% share of total imports. Moreover, non-propelled vehicle imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Mexico (X units), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.5% per year) and Mexico (-3.0% per year).

In value terms, the largest non-propelled vehicle suppliers to Canada were the United States ($X), China ($X) and Mexico ($X), with a combined 90% share of total imports. These countries were followed by Vietnam, which accounted for a further 1.6%.

In terms of the main suppliers, Vietnam, with a CAGR of +16.9%, 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

In 2021, the average non-propelled vehicle import price amounted to $X per unit, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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