Biggest Importing Industries in Canada in 2020

1. Bottled Water Production in Canada

Imports for 2020: $132.7B

The Bottled Water Production industry in Canada has expanded along with consumer demand for bottled water over the five years in 2019. Operators in this industry purify and bottle water for sale to wholesalers or directly to retailers. The industry has particularly benefited from increases in disposable income and trends away from sugary, high-calorie beverages. As a result, industry profit has increased over the past five years. Nonetheless, a steady threat to domestically produced bottled water has been the increasing import penetration of luxury bottled water brands. As a result, industry revenue declined during the beginning of the period, but... Learn More

2. SUV & Light Truck Manufacturing in Canada

Imports for 2020: $34.7B

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

3. Aircraft, Engine & Parts Manufacturing in Canada

Imports for 2020: $17.7B

The Aircraft, Engine and Parts Manufacturing industry in Canada has expanded for most of the five years to 2019, despite volatile profitability. 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. As the global economy has grown, led by emerging market growth, demand for air travel has increased. Consequently, demand for industry products has climbed, bringing the industry to new heights. Overall, industry revenue is expected to rise... Learn More

4. Oil Drilling & Gas Extraction in Canada

Imports for 2020: $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

5. Petroleum Refining in Canada

Imports for 2020: $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

6. Auto Parts Manufacturing in Canada

Imports for 2020: $16.0B

The Auto Parts Manufacturing industry in Canada is expected to expand strongly amid high revenue volatility over the five years to 2019. The industry relies heavily on demand from downstream automakers. Therefore, fluctuating demand for automobiles leads 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. Strong automotive sales, both domestically and in the United States, boosted demand from automakers. As a result, the industry is expected to grow an annualized 5.2% to $7.4 billion over the five years to... Learn More

7. Car & Automobile Manufacturing in Canada

Imports for 2020: $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. Brand-Name Pharmaceutical Manufacturing in Canada

Imports for 2020: $12.5B

The Brand-Name Pharmaceutical 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 industry 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, industry revenue nevertheless has grown at an annualized rate of... Learn More

9. Computer Peripheral Manufacturing in Canada

Imports for 2020: $11.2B

The Computer Peripheral Manufacturing industry in Canada has been declining over the five years to 2019, as strong international competition has brought low-cost imports 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 is also stifling industry expansion. IBISWorld expects industry revenue to decrease an annualized 17.3% to reach $418.8 million over the five years to 2019.

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

10. Truck & Bus Manufacturing in Canada

Imports for 2020: $9.8B

Over the five years to 2020, revenue for the Truck and Bus Manufacturing industry in Canada is expected to accelerate, bolstered by a resurgence in trade activity. As trade activity trends higher, downstream freight operators have responded by increasing their vehicle fleets, lifting demand at the manufacturing level. Plus, the depreciation of the Canadian dollar relative to other currencies is expected to catalyze industry export activity, further supporting industry expansion. The value of the loonie relative to the US dollar fell more than 10.0% in 2015, and is still weak, instigating export growth by making domestic goods less expensive. Consequently,... Learn More