Industries with the Biggest Decline in Imports in Canada in 2026

• 1. Soap & Cleaning Compound Manufacturing in Canada

  Decline in Imports for 2026: -14.8%

  Soap and cleaning compound manufacturers have experienced a varied performance recently, with certain markets significantly impacting their sales. Supermarkets and mass merchandisers continue to be strong avenues, as consumers opt for bulk purchases to combat rising prices. Hygiene standards have also spurred growth in healthcare sales. However, the office building market, plagued by high remote work rates and construction slowdowns, has seen stagnation. Food service establishments face chall...

  Learn More

• 2. Iron Ore Mining in Canada

  Decline in Imports for 2026: -13.4%

  Iron ore miners have experienced massive shifts in revenue for most of the period since iron is used to produce steel, linking performance directly to the strength of the global economy and construction markets. Exports are a significant market for miners, and heightened demand from China, alongside expansions from other major trading partners, has been beneficial, as iron ore prices have spiked amid supply shortages. Nonetheless, prices came tumbling down starting in 2022 through 2025. This ...

  Learn More

• 3. Lubricant Oil Manufacturing in Canada

  Decline in Imports for 2026: -5.8%

  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...

  Learn More

• 4. Electrical Equipment Manufacturing in Canada

  Decline in Imports for 2026: -5.7%

  Over the past five years, the Canadian electrical equipment manufacturing industry has proven its resilience amid fluctuating macroeconomic conditions, evolving energy demands and a growing emphasis on renewable power. The inelastic need for electricity in households has sustained stable demand for electrical components, insulating manufacturers from severe downturns even as business spending showed more volatility. Investment in smart grid technologies, energy-efficient products and advanced...

  Learn More

• 5. Plastic Bottle Manufacturing in Canada

  Decline in Imports for 2026: -5.5%

  The industry has faced significant headwinds over the current five-year period, with persistent trade deficits and foreign competition constraining domestic production capacity. The sector has struggled against low-cost imports primarily from the United States, which supplies the majority of Canadian demand while limiting opportunities for domestic manufacturers to expand market share. Environmental regulations, including single-use plastic bans and extended producer responsibility programs, ...

  Learn More

• 6. Oxygen & Hydrogen Gas Manufacturing in Canada

  Decline in Imports for 2026: -4.9%

  Oxygen and hydrogen manufacturers in Canada have faced a challenging landscape in recent years, influenced by a confluence of regulatory pressures, market shifts and economic fluctuations. The increasing focus on environmental responsibility has prompted these manufacturers to evolve, aiming to mitigate their carbon footprints while navigating the dynamics of import penetration, particularly from the US and China. Despite these hurdles, manufacturers have enjoyed certai...

  Learn More

• 7. Hand Tool & Cutlery Manufacturing in Canada

  Decline in Imports for 2026: -4.4%

  Structural shifts in demand, advancements in industrial automation and changing consumer preferences continue to shape the operating context for Canadian hand tool and cutlery manufacturers. The industry responds to cycles in construction, resource extraction and home renovation, with infrastructure investment and professional tool upgrading serving as key market drivers. Technological upgrades in end-user sectors, such as precision manufacturing and energy-efficient retrofits, place upward p...

  Learn More

• 8. Wiring Device Manufacturing in Canada

  Decline in Imports for 2026: -4.0%

  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...

  Learn More

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

  Decline in Imports for 2026: -4.0%

  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...

  Learn More

• 10. Fertilizer Manufacturing in Canada

  Decline in Imports for 2026: -3.4%

  In the current period, Canadian fertilizer manufacturers have experienced steady revenue growth at a CAGR of 4.9% since 2020, reaching an estimated $7.3 billion in 2025 after a 1.5% increase in the year. This growth is primarily attributable to rising fertilizer prices driven by strong global demand and trade restrictions. Canadian farms are seeing robust harvests of key crops such as wheat, canola and corn, maintaining fertilizer consumption. The US remains a critical export market despite f...

  Learn More