Biggest Importing Industries in Canada in 2021

1. Bottled Water Production in Canada

Imports for 2021: $132.7B

The Bottled Water Production industry in Canada has expanded along with consumer demand for bottled water over the five years in 2021, despite the COVID-19 (coronavirus) pandemic negatively affecting the industry in 2020. Operators in this industry purify and bottle water for sale to wholesalers or directly to retailers. During the five-year period, the industry has benefited from increases in disposable income and trends away from sugary, high-calorie beverages. Nonetheless, a steady threat to domestically produced bottled water has been the increasing import penetration of luxury bottled water brands. IBISWorld expects industry revenue to increase an annualized 1.0% to $634.0... Learn More

2. SUV & Light Truck Manufacturing in Canada

Imports for 2021: $34.7B

Over the five years to 2021, revenue for the SUV and Light Truck Manufacturing industry in Canada is projected to decrease, as the COVID-19 (coronavirus) pandemic has significantly affected industry operations in 2020 with temporary plant closures and lower demand. Also, demand is still expected to be dampened in 2021, despite an improved economic climate over the current year. With the export market accounting for an estimated 88.6% of industry revenue in 2021, of which more than 95.0% is destined for the United States, industry operators are heavily reliant on US economic conditions. Consequently, the performance of the industry in... Learn More

3. Oil Drilling & Gas Extraction in Canada

Imports for 2021: $16.4B

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

4. Petroleum Refining in Canada

Imports for 2021: $16.3B

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

5. Brand-Name Pharmaceutical Manufacturing in Canada

Imports for 2021: $14.0B

The Brand-Name Pharmaceutical Manufacturing industry in Canada has endured strong competitive pressures from generic drugs by innovating its product line and attracting higher demand from Canadians. In response to many brand-name drugs losing their patent protection, many operators have streamlined their operations. By forming networks with public or private companies and academic institutions, industry operators have been able to share research and development costs. In particular, this trend has been vital regarding investing in biopharmaceutical development, as exemplified by the rising investment in research and development in pharmaceutical companies. However, despite the ongoing COVID-19 (coronavirus) pandemic, industry revenue has nevertheless... Learn More

6. Aircraft, Engine & Parts Manufacturing in Canada

Imports for 2021: $13.3B

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

7. Car & Automobile Manufacturing in Canada

Imports for 2021: $13.3B

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

8. Computer Peripheral Manufacturing in Canada

Imports for 2021: $11.2B

The Computer Peripheral Manufacturing industry in Canada has declined over the five years to 2021, as strong import competition has brought low-cost goods into the domestic market at a high rate. Industry products are still desirable in the corporate space, although individual consumers are increasingly purchasing mobile devices. These products rarely require peripheral add-ons, which has also stifled industry expansion. IBISWorld estimates industry revenue to decrease an annualized 4.0% to $474.2 million over the five years to 2021.

Several major operators have departed from the industry over the past five years, in part because of the low-cost imports flooding the market... Learn More

9. Auto Parts Manufacturing in Canada

Imports for 2021: $9.9B

The Auto Parts Manufacturing industry in Canada is expected to contract amid high revenue volatility over the five years to 2020. The industry relies heavily on demand from downstream automakers in the United States and Canada, which can lead to changes in demand for industry products. The greater demand there is for automobiles, the more automakers will need to order from upstream suppliers such as auto parts manufacturers. Declining automobile manufacturing, both domestically and in the United States, has lowered demand from automakers for industry products during the period. As a result, industry revenue is expected to decline an annualized... Learn More

10. Communications Equipment Manufacturing in Canada

Imports for 2021: $9.6B

The Communications Equipment Manufacturing industry in Canada has suffered from volatile downstream demand, which has slowed down overall over the five years to 2020. The domestic industry manufactures radio and TV broadcasting equipment, in addition to wireless communications equipment such as cellphones. A drastically reduced Canadian dollar, combined with high import penetration and the release of the popular Apple iPhone, a strong competitor to the industry's products, prevented the industry from experiencing revenue growth. Consequently, over the five years to 2020 industry revenue decreased at an annualized rate of 0.6% to $1.8 billion, including an anticipated decrease of 0.5% in... Learn More