Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Fastest Declining Industries in Canada by Revenue Growth (%) in 2020
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View a list of the Top 25 fastest declining industries2019-2020 Revenue Growth: -43.2%
The Copper, Nickel, Lead and Zinc Mining industry in Canada is heavily reliant on the market prices of the metals it produces. According to a 2018 report from the British Geological Survey (latest data available), Canada is one of the 10 largest global producers of nickel, copper and zinc, although it produces minimal amounts of lead. Additionally, the industry's two most valuable metals are nickel and copper. These minerals are key inputs for many products and demand for them is relatively strong in major downstream markets. Industry product prices can shift significantly in response to any change in global supply... Learn More
2019-2020 Revenue Growth: -37.1%
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
2019-2020 Revenue Growth: -28.8%
Over the five years to 2020, the Women's Clothing Stores industry in Canada has experienced a decline due to growing external competition and patchy consumer confidence. While rising levels of disposable income and stable economic growth during the majority of the period have enabled Canadian consumers to increase spending on a wide variety of both essential and nonessential goods, including blouses, dresses, pants, accessories and other products sold by industry retailers, many shoppers have turned to online retailers to fulfill those needs. Consequently, external industries that also sell women's clothing, such as online retailers and department stores, have siphoned significant... Learn More
2019-2020 Revenue Growth: -26.3%
Iron is a primary input in steel production and performance in the Iron Ore Mining industry in Canada is closely tied to the strength of the global economy due to the widespread use of steel globally. As a result, trade is a significant part of the industry and global economic performance helps drive demand for the industry. Over the five years to 2020, growing demand from China alongside increased demand from other major trading partners has caused considerable growth in the world price of iron ore, with the price forecast to grow an annualized 7.1% over the past five years.... Learn More
2019-2020 Revenue Growth: -24.2%
Operators in the Oil and Gas Field Services industry in Canada have experienced volatile market conditions over the five years to 2020. World commodity prices performed well in the years leading up to the reporting period. However, a fall in natural gas and crude oil prices adversely affected revenue in 2015, 2016 and 2020. While conditions began to improve in 2017 as prices returned to growth, they remain low relative to the peaks reached prior to the reporting period. Over the five years to 2020, IBISWorld forecasts revenue to fall an annualized 5.2% to $24.0 billion. The industry is expected... Learn More
2019-2020 Revenue Growth: -19.7%
The Gas Stations industry in Canada has been very volatile over the five years to 2020, reflecting the movements of underlying crude oil prices worldwide. Due to the relatively inelastic demand for vehicle fuel, demand does not significantly decline when prices rise. However, as lower crude oil prices caused operators to lower the retail price of gasoline, revenue was negatively affected. Even as the trucking sector recovered and demand from consumers grew, causing sales of diesel and gasoline to rise, sharp declines in the price of crude oil contributed to an overall decline in revenue for the industry. Consequently, industry... Learn More
2019-2020 Revenue Growth: -19.0%
The Aircraft Maintenance, Repair and Overhaul (MRO) industry in Canada has been hindered by the outbreak of COVID-19 (coronavirus). Industry performance is directly tethered to air traffic patterns, which increases wear and tear on existing aircraft and foments investment into new fleet and aircraft. Since all aircraft require regular maintenance, an increase in the number of flight hours per aircraft facilitates an increase in demand for MRO services. Prior to the coronavirus outbreak, a slowdown in investment in 2016 dampened growth for two years, as geopolitical tensions delayed activity that would have otherwise driven higher growth. Furthermore, the coronavirus pandemic... Learn More
2019-2020 Revenue Growth: -17.9%
The Street Vendors industry in Canada is expected to grow over the five years to 2020. Street vendors have benefited from serving high-quality food at budget prices amid growing consumer spending and increased interest in a diverse range of food choices. Product innovation has also been a staple of the industry as more audacious recipes have been formulated to attract new customers. As a result of these trends, industry revenue is expected to grow an annualized 0.2% to $324.9 million over the five years to 2020, despite a forecast decline of 19.4% in 2020 due to quarantine measures resulting from... Learn More
2019-2020 Revenue Growth: -17.7%
The Consumer Electronics Stores industry in Canada has experienced poor performance over the five years to 2020. Industry retailers offer a broad spectrum of goods, including TVs, computers, tablets, refrigerators, washing machines and blenders. Over the past five years, the industry has struggled due to strong competition from mass merchandisers, such as discount retailers and department stores, as well as the continued rise of e-commerce outlets. In addition, the recent COVID-19 (coronavirus) outbreak is expected to hinder industry operations in 2020, as consumer confidence and the industry's supply chain are disrupted. As a result, IBISWorld projects industry revenue to decrease... Learn More
2019-2020 Revenue Growth: -17.5%
The Ocean and Coastal Transportation industry in Canada is expected to experience a decline in revenue over the five years to 2020. Industry operators transport freight, bulk cargo and passengers along international and coastal shipping routes. Furthermore, economic growth in emerging markets and the growing need for Canadian natural resources have enabled industry shipping companies to benefit from Canada's substantial dry and liquid-bulk exports, excluding 2020. Moreover, as income levels gradually increased over the past five years, demand for cruises have continued to climb, barring 2020. Stable economic growth in the United States also has increased demand for industry services,... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Riskiest Industries in Canada in 2020
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Least Risky Industries in Canada in 2020
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