Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada - 2024
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada (FOB) - 2024
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada (CIF) - 2024
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada (FOB) - 2024
In January 2024, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $32,832 per unit, surging by 11% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($34,996 per unit), while the average price for exports to the United Arab Emirates ($17,458 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.8%), while the prices for the other major destinations experienced a decline.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada (CIF) - 2024
In January 2024, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $46,627 per unit, remaining constant against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 10% month-to-month. As a result, import price attained the peak level of $46,828 per unit; afterwards, it flattened through to January 2024.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($238K per unit), while the price for Mexico ($29,398 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada
Exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs from Canada contracted to 356K units in 2022, waning by -5.2% against the previous year's figure. Over the period under review, exports showed a deep contraction. Over the period under review, the exports of attained the peak figure at 608K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs fell to $10.5B in 2022. Overall, exports showed a abrupt descent. The smallest decline of -1.7% was in 2021. The exports peaked at $15.9B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.8 | 10.5 | 10.2 | 9.7 | -13.1% |
| Others | 1.1 | 0.9 | 1.0 | 0.7 | -14.0% |
| Total | 15.9 | 11.4 | 11.2 | 10.5 | -12.9% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Canada in 2022:
- United States (329.0K units)
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada
In 2022, approx. 199K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Canada; growing by 3.9% against 2021 figures. In general, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 8.7% against the previous year. Imports peaked at 277K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs surged to $8.9B in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 31%. Imports peaked at $9.1B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Canada (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.9 | 4.4 | 5.5 | 6.7 | -1.0% |
| Germany | 0.6 | 0.3 | 0.6 | 0.6 | 0.0% |
| Japan | 0.5 | 0.3 | 0.5 | 0.4 | -7.2% |
| South Korea | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| United Kingdom | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Mexico | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Total | 9.1 | 5.9 | 7.7 | 8.9 | -0.7% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Canada in 2022:
- United States (159.4K units)
- Japan (12.8K units)
- South Korea (11.7K units)
- Germany (5.5K units)
- Mexico (3.2K units)
- United Kingdom (3.1K units)
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