Canada: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Canada

After three years of decline, the Canadian walking-sticks and whips market increased by 52% to $X in 2021. In general, consumption recorded prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Walking-Sticks And Whips Production in Canada

In value terms, walking-sticks and whips production fell to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 384%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Canada

In 2021, walking-sticks and whips exports from Canada contracted dramatically to X tons, waning by -15.8% on the year before. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 26% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, walking-sticks and whips exports surged to $X in 2021. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.8% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by 27%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for walking-sticks and whips exports from Canada, with a 49% share of total exports. Moreover, walking-sticks and whips exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-4.4% per year) and Germany (-1.5% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from Canada, comprising 50% of total exports. The second position in the ranking was held by the UK ($X), with a 19% share of total exports. It was followed by Germany, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.1% per year) and Germany (+7.3% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, picking up by 43% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and Russia ($X per ton), while the average price for exports to Poland ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Canada

After two years of decline, purchases abroad of walking-sticks, seat-sticks, whips and riding-crops increased by 75% to X tons in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, walking-sticks and whips imports surged to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to Canada, accounting for a 72% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.3% per year) and the United States (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Canada, comprising 72% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by the United States, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.1% per year) and the United States (-3.9% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and the Czech Republic ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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