Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Biggest Decline in Exports in Canada in 2023
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View a list of the Top 25 industries with the biggest decline in exportsDecline in Exports for 2023: -12.4%
The Lubricant Oil Manufacturing industry in Canada produces industrial and automotive lubricants for manufacturers and consumers, including motor oil, transmission fluid, rust inhibitors and machine oils. Most industry goods are based on petroleum products and industry revenue tends to track the price of crude oil. Over the five years to 2022, the industry has experienced mixed results, which is in line with volatility in the price of crude oil. The COVID-19 (coronavirus) pandemic initially led to a steep decline in demand for oil as manufacturers reduced their production and drivers reduced travel. The strong recovery in economic activity in 2021... Learn More
Decline in Exports for 2023: -12.1%
The Telecommunications Networking Equipment Manufacturing industry in Canada is a mere fragment of what it was in 2005, but the industry has expanded over the five years to 2022. This historical decay is primarily the result of competition from foreign companies that have more efficient cost structures and lower manufacturing costs alongside technological displacement of many fixed telecom products. Nonetheless, starting from a low point in 2013, the industry has recovered to an extent, though only slightly amid more difficult economic operating conditions such as the COVID-19 (coronavirus) pandemic. This recovery was founded on improving supply chains and a dependence... Learn More
Decline in Exports for 2023: -12.0%
Over the five years to 2022, the Plant and Flower Growing industry in Canada has volatile performance. Operators in this industry grow nursery and floriculture products, such as shrubbery, cut flowers, ornamental plants and short rotation woody crops, such as Christmas trees. The industry has performed well over the five years to 2022, aided by economic growth domestically and in the United States. Industry revenue is expected to grow an annualized 1.5% to $2.2 billion over the five years to 2022. However, industry revenue is expected to fall 3.4% in 2022 alone as economic uncertainty is expected to shift spending... Learn More
Decline in Exports for 2023: -11.0%
The Thermal Power industry in Canada is composed of operators that generate electricity using natural gas, coal, uranium or crude oil. The industry has experienced decline over the five years to 2022. While conditions have been positive, with rising electricity prices and increasing demand from commercial and industrial markets, save for the COVID-19 (coronavirus) pandemic, the industry has experienced some difficulties. Coal has long been a key source of thermal power, but most provinces have plans to phase out coal power by 2030. Further, the largest share of industry power comes from nuclear facilities, many of which have required refurbishment... Learn More
Decline in Exports for 2023: -10.5%
The Paperboard Mills industry in Canada has grown over the five years to 2022. Industry mills process pulp, used paper and old corrugated containers into various paperboard varieties. The primary source of demand for industry products comes from cardboard box and container manufacturers (IBISWorld report 32221). Demand for these downstream products is linked to economic growth and consumer spending, which results in more shipments, which often use industry goods as packaging. Growth has been underpinned by strong performance in export markets alongside rising prices and growing demand for industry products from downstream industries. Over the five years to 2022, industry... Learn More
Decline in Exports for 2023: -10.2%
Canada is one of the world's largest producers of crude oil and natural gas, as well as a range of other metal and mineral commodities. This has traditionally benefited the Mining, Oil and Gas Machinery Manufacturing industry, which produces goods used by extraction industries. Revenue is closely tied to commodity prices, as these can dictate levels of investment and activity by extraction companies. Commodity prices have been hugely volatile over the five years to 2023, with the prices of many goods tanking, causing exploration activity and demand for industry products to fall in certain years. Overall, IBISWorld estimates that industry... Learn More
Decline in Exports for 2023: -9.8%
The Dairy Product Production industry in Canada processes raw milk and manufactures dairy products including milk, cream, cheese, butter, yogourt and milk powder, primarily for domestic consumption. The industry experiences a moderate level of volatility as milk production at upstream dairy farms is strictly regulated in terms of production and price. As a result, industry inputs are stable and many consumers consider industry products to be grocery essentials, resulting in steady demand with little regard to prevailing economic conditions. While the industry is insulated against severe price shocks or supply imbalances, the industry has also prevented it from realizing significant... Learn More
Decline in Exports for 2023: -7.8%
The Concrete Pipe and Block Manufacturing industry in Canada is expected to grow over the five years to 2022. Demand is expected to slow in 2022 as the decline in the residential construction market partly offset the growth in government expenditure and the nonresidential market. Increased government expenditure has translated to increased spending on concrete-intensive projects, such as bridge building and highway construction. Overall, industry revenue is expected to grow an annualized 2.3% to $1.4 billion over the five years to 2022, with an expected 0.1% increase in 2022 alone. Despite the adverse economic effects of the COVID-19 (coronavirus) pandemic,... Learn More
Decline in Exports for 2023: -6.3%
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
Decline in Exports for 2023: -5.8%
Clay bricks and tiles produced by the Canadian Clay Brick and Product Manufacturing industry are principally used in the housing market for construction and renovation. Refractory products, which have high thermal resistance, are used to line kilns and furnaces. The primary sources of demand for industry products are construction and industrial manufacturing markets, particularly steel manufacturers. Over the five years to 2022, the industry has exhibited mixed results amid significant volatility. While the housing market has improved during most of the period, the global COVID-19 (coronavirus) pandemic in 2020 lowered downstream demand for industry products and harmed industry profitability. Significant... 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 2023
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 2023
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