Canada: Fuel Filter Market 2024

Fuel Filter Market Size in Canada

For the fourth year in a row, the Canadian fuel filter market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Fuel filter consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fuel Filter Exports

Exports from Canada

In 2022, shipments abroad of oil or petrol-filters for internal combustion engines increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fuel filter exports expanded remarkably to $X in 2022. Over the period under review, exports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for fuel filter exports from Canada, accounting for a X% share of total exports. Moreover, fuel filter exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), eightfold. The third position in this ranking was taken by France (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for oil or petrol-filters for internal combustion engines exports from Canada, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average fuel filter export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fuel filter export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to Singapore ($X per unit) and France ($X per unit) were amongst the lowest.

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

Fuel Filter Imports

Imports into Canada

In 2022, purchases abroad of oil or petrol-filters for internal combustion engines increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, fuel filter imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of fuel filter to Canada, with a X% share of total imports. Moreover, fuel filter imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Mexico (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the United States ($X) constituted the largest supplier of oil or petrol-filters for internal combustion engines to Canada, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average fuel filter import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fuel filter import price increased by X% against 2014 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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