Canada: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Canada

The Canadian market for wiring sets used in vehicles, aircraft or ships declined slightly to $X in 2021, waning by -3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of 9.4%. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Canada

In 2021, approx. X tons of wiring sets used in vehicles, aircraft or ships were exported from Canada; with an increase of 6.6% compared with the year before. Over the period under review, exports, however, recorded a mild curtailment. The growth pace was the most rapid in 2013 when exports increased by 24%. Over the period under review, the exports of reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Canada, accounting for a 83% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.8% per year) and France (-10.9% per year).

In value terms, the United States ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Canada, comprising 83% of total exports. The second position in the ranking was held by Germany ($X), with a 4% share of total exports. It was followed by France, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.1% per year) and France (-7.5% per year).

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, surging by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were France ($X per ton) and the United States ($X per ton), while the average price for exports to Singapore ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Canada

In 2021, approx. X tons of wiring sets used in vehicles, aircraft or ships were imported into Canada; declining by -6.9% on the previous year. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships contracted slightly to $X in 2021. In general, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2019 with an increase of 1.5% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Canada, accounting for a 36% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Mexico exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The Philippines (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico amounted to -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+12.2% per year) and the Philippines (-7.6% per year).

In value terms, Mexico ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Canada, comprising 36% of total imports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total imports. It was followed by the Philippines, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.0% per year) and the Philippines (-6.1% per year).

Import Prices by Country

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, growing by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2020 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Vietnam ($X per ton) and the Philippines ($X per ton), while the price for Honduras ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :