Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Highest Labor Costs in Canada in 2021
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View a list of the Top 25 industries with the highest labor costsLabor Costs for 2021: $6.9B
Operators in the Oil and Gas Field Services industry in Canada have experienced volatile market conditions over the five years to 2021. World commodity prices performed well over 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 2021, IBISWorld forecasts revenue will rise an annualized 0.3% to $25.0 billion. Industry revenue is expected... Learn More
Labor Costs for 2021: $6B
The Cosmetic and Beauty Product Manufacturing industry in Canada has experienced growth over much of the five years to 2021 by manufacturing widely accepted and necessary personal care products, such as shampoo and lotions. Revenue growth is determined by demand from wholesalers and retailers, which is ultimately driven by consumer spending, tastes and preferences. In recent years, rising levels of disposable income have encouraged consumers to increasingly purchase the industry's high-end luxury products. However, the COVID-19 (coronavirus) pandemic cut into revenue in 2020. As a result, industry revenue is estimated to stagnate at $3.2 billion over the five years to... Learn More
Labor Costs for 2021: $2B
The Soap and Cleaning Compound Manufacturing industry in Canada has contracted over the five years to 2021 despite several conflicting revenue trends, in light of increased import competition from foreign manufacturers and significant volatility regarding crude oil prices. Both import penetration and crude oil prices have forced many operators to reduce selling prices to remain competitive. However, industry operators have benefited from growth in the Canadian population, which has increased demand for industry products from households, in addition to the COVID-19 (coronavirus) pandemic, which increased demand for soap and cleaning compounds both domestically and abroad. Despite the pandemic's overall negative... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Least Risky Industries in Canada in 2021
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Industries by Employment in Canada in 2021
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