Canada: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Canada

The Canadian radio navigation apparatus market expanded notably to $X in 2021, rising by 6.4% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Radio Navigation Apparatus Production in Canada

In value terms, radio navigation apparatus production expanded sharply to $X in 2021 estimated in export price. In general, production, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 104% against the previous year. Radio navigation apparatus production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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Radio Navigation Apparatus Exports

Exports from Canada

For the fourth consecutive year, Canada recorded decline in overseas shipments of radio navigational aid apparatus, which decreased by -14.9% to X tons in 2021. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 21% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, radio navigation apparatus exports soared to $X in 2021. Overall, exports recorded a mild curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for radio navigation apparatus exports from Canada, accounting for a 62% share of total exports. Moreover, radio navigation apparatus exports to the United States exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.0% per year) and Germany (-1.7% per year).

In value terms, the United States ($X) remains the key foreign market for radio navigational aid apparatus exports from Canada, comprising 45% of total exports. The second position in the ranking was held by Germany ($X), with a 5.2% share of total exports. It was followed by Brazil, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.9% per year) and Brazil (+25.3% per year).

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per kg, surging by 67% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per kg), while the average price for exports to Suriname ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Canada

Radio navigation apparatus imports into Canada expanded significantly to X tons in 2021, with an increase of 5% compared with the previous year's figure. In general, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when imports increased by 22%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports expanded rapidly to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Mexico (X tons) and China (X tons) were the main suppliers of radio navigation apparatus imports to Canada, together comprising 90% of total imports. These countries were followed by Malaysia and Taiwan (Chinese), which together accounted for a further 4.9%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +12.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest radio navigation apparatus suppliers to Canada, together comprising 75% of total imports.

In terms of the main suppliers, the United States, with a CAGR of -7.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average radio navigation apparatus import price stood at $X per ton in 2021, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+31.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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