Northern America: Magnetic Card Market 2025

Magnetic Card Market Size in Northern America

In 2021, the North American magnetic card market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Magnetic Card Production in Northern America

In value terms, magnetic card production rose notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Magnetic Card Exports

Exports in Northern America

In 2021, shipments abroad of cards incorporating a magnetic stripe increased by 16% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 30%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, magnetic card exports declined to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 7.5%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. 95% of total exports in 2021. It was distantly followed by Canada (X units), making up a 4.5% share of total exports.

The United States was also the fastest-growing in terms of the cards incorporating a magnetic stripe exports, with a CAGR of +1.0% from 2012 to 2021. Canada (-15.0%) illustrated a downward trend over the same period. While the share of the United States (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-13.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest magnetic card supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -8.4%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, with a decrease of -18.5% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 23% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.4%).

Magnetic Card Imports

Imports in Northern America

In 2021, purchases abroad of cards incorporating a magnetic stripe decreased by -10% to X units, falling for the third consecutive year after two years of growth. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 44%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic card imports totaled $X in 2021. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 29%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Canada represented the key importing country with an import of around X units, which recorded 73% of total imports. It was distantly followed by the United States (X units), committing a 27% share of total imports.

Canada was also the fastest-growing in terms of the cards incorporating a magnetic stripe imports, with a CAGR of -3.0% from 2012 to 2021. The United States (-14.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +28 percentage points.

In value terms, Canada ($X) constitutes the largest market for imported cards incorporating a magnetic stripe in Northern America, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 29% share of total imports.

In Canada, magnetic card imports shrank by an average annual rate of -6.4% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, increasing by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the import price increased by 37%. Over the period under review, import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.8%).

Source: IndexBox Platform

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