Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Exporting Industries in Canada in 2021
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View a list of the Top 25 biggest exporting industriesExports for 2020: $63.8B
The Oil Drilling and Gas Extraction industry in Canada is highly dependent on global market prices of crude oil and natural gas. The industry experienced booming growth in the years leading up to the reporting period, with rising prices leading to significant growth in investment. In turn, industry production of natural gas and oil has risen consistently over the past decade. However, the prices of both commodities have fallen significantly during the period, resulting in significant contractions in industry revenue and capital investment. Industry revenue is expected to decline at an annualized rate of 5.8% to $66.9 billion over the... Learn More
Exports for 2020: $32.3B
Over the five years to 2019, revenue for the SUV and Light Truck Manufacturing industry in Canada is projected to increase, bolstered by a strong US economy where the majority of industry goods are sold. With the export market accounting for nearly 80.0% of industry revenue in 2019, of which more than 95.0% is destined for the United States, industry operators are heavily reliant on US economic conditions. Consequently, as the US economy continues to grow strongly, industry operators are expected to benefit. The industry is expected to expand at an annualized rate of 2.2% to $40.8 billion over the... Learn More
Exports for 2020: $20.6B
Revenue for the Petroleum Refining industry in Canada has been volatile over the five years to 2020. Crude oil is the primary input into industry products, and therefore, its price is the primary driver of industry revenue. Revenue surged in the years leading up to the reporting period in the wake of rising oil prices, although following their peak, industry revenue began to fall slowly before the world price of oil plummeted in 2015, resulting in significant declines in industry revenue. A subsequent price recovery in 2017 helped the industry rebound by double-digits during the following two-year period. Overall, industry... Learn More
Exports for 2020: $13.9B
The Aircraft, Engine and Parts Manufacturing industry in Canada is expected to decline over the five years to 2020, as a result of volatile economic conditions. Industry operators manufacture aircraft, aircraft engines and related components, structures and parts. In particular, the Canadian industry is a leader in manufacturing business aircraft, commercial planes with less than 150 seats, civil helicopters, regional and small engines and various aerospace components. With the global economy forecast to perform poorly during the period, demand for air travel is expected to fall. Consequently, demand for industry products will decline, pressuring profitability due to the significant capital... Learn More
Exports for 2020: $10.9B
Over the five years to 2020, the Car and Automobile Manufacturing industry in Canada has struggled to recover as many automakers have moved operations abroad. Dissuaded by high labour costs in Canada, many automakers have shifted investments toward Mexico and the United States. As a result, output has fallen from Canada's biggest car producers while remaining operations have increasingly focused on vehicle production that falls outside of the industry, such as sport utility vehicles (SUVs). Also, exports, which account for more than 85.0% of industry revenue in 2020, have decreased in recent years due to less production capacity. Import penetration... Learn More
Exports for 2020: $10.2B
The Mineral and Phosphate Mining industry in Canada produces a wide variety of nonmetallic mineral products, but is largely dominated by the production of potash. Canada is the world's largest producer and exporter of potash, which is a primary input for fertilizer manufacturers worldwide. In 2016, the price of potash fell significantly due to price competition resulting from the breakup of the Belarusian Potash Company, a major exporting business that contributed to the control of global potash markets. Prices for many materials have recovered since then, with industry revenue forecast to grow 17.3% in 2019 alone. Overall, IBISWorld expects industry... Learn More
Exports for 2020: $10.2B
The Copper, Zinc and Lead Refining industry in Canada smelts ores extracted by upstream miners and refines nonferrous metals that are further processed by downstream metal manufacturers. Some of the industry's largest operators such as Glencore PLC are vertically integrated, processing their own mined output. The industry's highest-grossing products are copper, nickel, zinc and gold. Industry product prices are closely tied to global supply conditions in upstream mining industries. While prices for individual goods can be highly volatile, the number of metals used to make industry goods can help moderate volatility, as the prices of these goods are often not... Learn More
Exports for 2020: $9.5B
The Aluminum Manufacturing industry in Canada produces a variety of aluminum products, ranging from alumina to finished aluminum sheet and foil. Aluminum is lightweight, ductile, corrosion-resistant, highly conductive and recyclable, making it useful in an array of applications. For instance, aluminum sheet is a major input into automobiles and airplanes, while aluminum foil and rolled sheet is commonly used in containers and packaging material. The United States accounted for over 90.0% of total exports, making domestic operators highly dependent on international trade. With recent trade tensions with the United States and volatile commodity prices, IBISWorld projects industry revenue to increase... Learn More
Exports for 2020: $9.4B
The Meat, Beef and Poultry Processing industry in Canada is a powerhouse in Canada's food manufacturing sector, representing nearly 30.0% of sector revenue and employing an estimated 72,000 workers in 2020. Despite this role, industry growth prospects have been threatened by slow growth in per capita meat consumption. Disease outbreaks and a growing awareness of the health risks associated with red meat consumption, in particular, have threatened Canadian appetites for steaks and fresh meats. However, the recent COVID-19 (coronavirus) outbreak is expected to support industry demand in 2020. As a result, IBISWorld projects industry revenue to increase at an annualized... Learn More
Exports for 2020: $8.1B
The Sawmills and Wood Production industry in Canada has experienced overall revenue growth over the five years to 2020. The industry has experienced complicated operating conditions due to the lingering effects of several wildfires in the area, the spread of COVID-19 (coronavirus) and the mountain pine beetle infestation in British Columbia that killed an estimated 58.0% of merchantable pine in the region by 2017. The industry has experienced strong demand from key downstream consumers during most of the period, such as the US housing market, which is the largest buyer of industry goods. However, increased operating costs related to a... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Industries by Employment in Canada in 2021
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Industries By Revenue in Canada in 2021
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