Canada: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Canada

In 2022, the Canadian market for wiring sets used in vehicles, aircraft or ships was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a pronounced contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Canada

Exports of wiring sets used in vehicles, aircraft or ships from Canada expanded markedly to X tons in 2022, increasing by 12% compared with the previous year. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 24% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships expanded significantly to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Canada, accounting for a 87% share of total exports. It was followed by Germany (X tons), with a 1.8% share of total exports. France (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.3% per year) and France (-5.2% per year).

In value terms, the United States ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Canada, comprising 87% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.8% share of total exports. It was followed by France, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.4% per year) and France (-2.4% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, waning by -4.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 25%. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and France ($X per ton), while the average price for exports to the United States ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Canada

In 2022, purchases abroad of wiring sets used in vehicles, aircraft or ships was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2019 with an increase of 31% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2022. In general, imports, however, showed a perceptible shrinkage. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Canada, accounting for a 41% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The Philippines (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.9% per year) and the Philippines (-5.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Canada, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by the Philippines, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.2% per year) and the Philippines (-3.8% per year).

Import Prices by Country

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2022, rising by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($X per ton) and Vietnam ($X per ton), while the price for Honduras ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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