Canada: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Canada

The Canadian tanned or dressed furskins market declined remarkably to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Tanned or Dressed Furskins in Canada

In value terms, tanned or dressed furskins production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Tanned or Dressed Furskins

Exports from Canada

In 2022, overseas shipments of tanned or dressed furskins were finally on the rise to reach X units after four years of decline. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, tanned or dressed furskins exports contracted sharply to $X in 2022. Overall, exports, however, recorded a sharp reduction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for tanned or dressed furskins exports from Canada, with a X% share of total exports. Moreover, tanned or dressed furskins exports to the United States exceeded the volume sent to the second major destination, Italy (X units), fivefold. China (X units) ranked third in terms of total exports with a 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: Italy (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for tanned or dressed furskins exports from Canada, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a significant contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

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

Imports of Tanned or Dressed Furskins

Imports into Canada

In 2022, supplies from abroad of tanned or dressed furskins decreased by X% to X units, falling for the fourth year in a row after four years of growth. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, tanned or dressed furskins imports fell significantly to $X in 2022. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest tanned or dressed furskins supplier to Canada, with a X% share of total imports. Moreover, tanned or dressed furskins imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Finland (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 China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Finland (X% per year).

In value terms, China ($X) constituted the largest supplier of tanned or dressed furskins to Canada, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Finland, with an X% share.

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

Import Prices by Country

The average tanned or dressed furskins import price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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