Industries with Biggest Decline in Exports in Canada in 2026

• 1. Lubricant & Other Petroleum Product Manufacturing in Canada

  Decline in Exports for 2026: -32.0%

  Lubricant oil manufacturers have enjoyed a profitable, if uneven, run in recent years. Elevated crude prices since 2022 have let producers push through hefty list‑price increases, while exports to the United States have quietly become a critical safety valve for a small, open market. At the same time, the industry’s structure has shifted: small blenders have declined, import competition has firmed up and the auto sector, traditionally the core demand engine, is changing in ways that don’t alw...

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• 2. Wiring Device Manufacturing in Canada

  Decline in Exports for 2026: -3.7%

  Wiring device manufacturers have enjoyed strong growth over the past five years. Switches for electrical circuitry have been doing the heavy lifting, buoyed by industrial construction, infrastructure work and ongoing grid upgrades, even as residential activity wobbles and auto manufacturing weakens. At the same time, soaring input costs and a shakeout among smaller producers have pushed the industry further toward larger, more automated and specialized manufacturers that are better positioned...

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• 3. Mining, Oil & Gas Machinery Manufacturing in Canada

  Decline in Exports for 2026: -3.7%

  Canadian mining, oil and gas machinery manufacturers faced fluctuating input costs, notably with steel, impacting revenue and profit. When these prices skyrocketed in the middle of the period, so did revenue, as manufacturers were able to pass these costs on to consumers. Steel prices eventually stabilized in 2024, allowing companies to salvage profit while keeping revenue steady. Overall, industry revenue has pushed up at a CAGR of 5.3% through 2025, reaching $5.2 billion, including a 4.0% u...

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• 4. Cigarette & Tobacco Manufacturing in Canada

  Decline in Exports for 2026: -3.6%

  Canada’s cigarette and tobacco manufacturing industry heads into 2026 smaller, more tightly regulated and more fragmented than it was five years ago, but still central to the country’s nicotine economy. Since 2021, steady declines in adult smoking rates and shrinking factory throughput have eroded the traditional volume base that once underwrote the sector’s economics, even as producers have leaned harder on pricing and mix to offset weaker demand. At the same time, a dense web of packaging r...

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• 5. Jewellery Manufacturing in Canada

  Decline in Exports for 2026: -3.4%

  Canadian jewellery production has endured significant volatility in recent years. Fluctuating macroeconomic conditions have directly impacted demand for luxury products. Jewellery revenue jumped in 2020 and 2021. During this time, producers benefited from passing on soaring gold and silver prices to buyers, which, combined with higher significant disposable income gains in 2020, largely supported growing revenue. Although input prices largely continued to grow over the following years, weaken...

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• 6. Household Furniture Manufacturing in Canada

  Decline in Exports for 2026: -3.4%

  Over the past five years, the Canadian household furniture manufacturing industry has faced an era defined by volatility and structural adjustment. Pandemic-era disruptions sparked sharp increases in input costs for lumber, foam and metals, as well as surging freight rates and persistent component shortages. These pressures forced manufacturers to rework sourcing strategies and invest in automation or digital capabilities just to keep pace as consumer behaviour shifted rapidly toward e-commer...

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• 7. Coffee & Tea Production in Canada

  Decline in Exports for 2026: -2.1%

  In 2026, Canada’s coffee and tea producers are emerging from a half‑decade defined by whiplash rather than steady expansion. They’ve had to manage violent swings in green coffee prices, erratic harvests linked to climate volatility and shifting trade conditions, all while recalibrating pricing and procurement on the fly. Revenue has broadly tracked these commodity and logistics shocks, rising solidly through most of the period before easing in 2026 as costs, competition and softer export dema...

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• 8. Communications Equipment Manufacturing in Canada

  Decline in Exports for 2026: -2.1%

  Th industry has undergone significant changes alongside the nationwide adoption of 5G technologies. As 5G networks rolled out, most of the population accessed these faster connections by the end of 2025, forcing companies to find new avenues for growth. With 5G built mainly on top of older 4G infrastructure, providers have faced persistent technical challenges related to connectivity. While products aimed at enhancing data speeds have hit the market, cost concerns among...

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• 9. Copper, Zinc & Lead Refining in Canada

  Decline in Exports for 2026: -1.6%

  Canadian metal producers have benefited from growing economic uncertainty and rising prices as consumers seek safer investments, such as gold and silver. Similarly, growing manufacturing and construction activity following the initial stages of the pandemic caused the price of other metals, including copper and nickel, to skyrocket, enabling refineries to pass down cost increases to buyers. However, refineries have been negatively impacted by normalizing economic conditions and falling metal ...

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• 10. Margarine & Cooking Oil Production in Canada

  Decline in Exports for 2026: -1.5%

  Canada’s margarine and cooking oil processing industry has recently seen a dramatic shakeup, with healthier eating trends shaping production and branding strategies. Historically associated with commodity products, the sector is now in transition as brands scramble to reformulate legacy margarines and oils to align with mounting consumer demand for products free from trans fats, artificial additives and high saturated fat content. Market stalwarts such as Becel are launching innovative plant-...

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