Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Exporting Industries in Canada in 2022
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View a list of the Top 25 biggest exporting industriesExports for 2022: $104.2B
The Oil Drilling and Gas Extraction industry in Canada is highly dependent on global market prices of crude oil and natural gas. The industry exhibited strong 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. Further, the prices of both commodities are expected to grow over the five years to 2022, resulting in growth in industry revenue and capital investment. Industry revenue is expected to grow an annualized 4.9% to $133.1 billion over the... Learn More
Exports for 2022: $32.6B
Over the five years to 2022, revenue for the SUV and Light Truck Manufacturing industry in Canada is projected to decrease due to disruptions caused by the COVID-19 (coronavirus) pandemic and volatile economic conditions. With the export market accounting for over 80.0% of industry revenue in 2022, of which more than 95.0% is destined for the United States, industry operators are heavily reliant on US economic conditions. Despite a robust economic recovery in 2021, industry production is not expected to fully recovery to the levels exhibited earlier in the period. As a result, the industry is expected to decline at... Learn More
Exports for 2022: $21.2B
The Sawmills and Wood Production industry in Canada has experienced revenue growth over the five years to 2021. 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 fibre... Learn More
Exports for 2022: $20.6B
Revenue for the Canadian Petroleum Refining industry has been volatile over the five years to 2021. 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 2016, 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 revenue... Learn More
Exports for 2022: $13.2B
Revenue for the Canadian Aircraft, Engine and Parts Manufacturing industry is expected to decline over the five years to 2021 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. The COVID-19 (coronavirus) pandemic has weighed heavily on the industry given its effect on air travel, and thus, downstream demand. Overall, industry revenue is expected to fall at an annualized rate of... Learn More
Exports for 2022: $11.7B
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... Learn More
Exports for 2022: $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 5.4% in 2021 alone. Overall, IBISWorld expects industry... Learn More
Exports for 2022: $9.9B
Over the five years to 2022, 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 are estimated to account for more than 88.2% of industry revenue in 2022, have decreased in recent years due to less production... Learn More
Exports for 2022: $9.9B
The Meat, Beef and Poultry Processing industry in Canada is a powerhouse in Canada's food manufacturing sector, representing over an estimated 30.0% of sector revenue and employing 71,905 workers in 2022. Despite this role, industry growth prospects have been threatened by a decline in per capita meat consumption over the five years to 2022. 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 estimated to have supported industry demand, as consumers increasingly ate at home. As... Learn More
Exports for 2022: $9.5B
The Aluminum Manufacturing industry in Canada produces a variety of aluminum products, ranging between alumina and 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 accounts for more than 90.0% of total exports in 2021, making domestic operators highly dependent on international trade. IBISWorld projects industry revenue to increase at an annualized rate of 1.6% to $12.8 billion... 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 2022
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 2022
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