Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Biggest Decline in Imports in Canada in 2025
The 10 Industries with the Biggest Decline in Imports in Canada
Want to see more industries with the biggest decline in imports?
View a list of the Top 25 industries with the biggest decline in importsIndustries with the Biggest Decline in Imports in Canada in 2025
-
1. Truck & Bus Manufacturing in Canada
Decline in Imports for 2025: -48.1%
Truck and bus manufacturers were severely affected by the COVID-19 pandemic. In 2018 and 2019, exports trended higher, as downstream freight operators increased their vehicle fleets, lifting demand at the manufacturing level. Plus, the depreciation of the Canadian dollar relative to other currencies has also catalyzed industry export activity, further supporting industry expansion. As exports account for a significant portion of industry revenue, the industry has benefited. However, as a result of the adverse effects from the pandemic, industry revenue fell at a CAGR of 10.9% over the past five years and is expected to total $2.8 billion in 2023,... Learn More
-
2. SUV & Light Truck Manufacturing in Canada
Decline in Imports for 2025: -30.4%
Revenue for SUV and light truck manufacturers in Canada is projected to decrease throughout 2023, due to disruptions caused by the COVID-19 pandemic and volatile economic conditions. With the export market accounting for over 50.0% of industry revenue in 2023, of which more than 95.0% is destined for the United States, industry operators are heavily reliant on US economic conditions. Despite a robust economic recovery after the peak of the pandemic, industry production has not fully recovered to the levels exhibited earlier in the period. As a result, the industry has declined at a CAGR of 7.4% over the past... Learn More
-
3. Chocolate Production in Canada
Decline in Imports for 2025: -21.3%
Canadian chocolate producers transform raw materials, such as cacao beans, sugar and milk, into various products, including chocolate bars, stuffed chocolates and premium chocolate boxes. Demand has fluctuated due to strong disposable income, increased health consciousness and volatile input prices. Chocolate producers have benefited from greater demand for premium chocolates and steady export growth. Rising discretionary spending has bolstered chocolate producers considerably. Rising chocolate prices have weighed on demand in recent years, as major players bolster profit via more expensive chocolates. Industry revenue is expected to decrease at a CAGR of 1.2% to $2.6 billion through the end of 2023,... Learn More
-
4. Computer Manufacturing in Canada
Decline in Imports for 2025: -20.8%
Computer manufacturers have undergone long-term decline as fierce international competition continues to flood the domestic market with low-cost imports. This influx of imports has been driven by foreign competitors, primarily from developing economies that have lower labour and production costs. Competition combined with product standardization has exerted strong downward pressure on prices, lowering revenue growth. Several major operators have exited the industry prior to the current period. Revenue drastically dropped heading into the period because of these exits, but it evened out prior to the COVID-19 pandemic, which caused growth, then additional decline as supply chain difficulties resulted in low... Learn More
-
5. Shoe & Footwear Manufacturing in Canada
Decline in Imports for 2025: -19.7%
Due to high levels of recent economic volatility, the Canadian shoe and footwear manufacturing industry has experienced significant fluctuations in performance over the past five years. Competition from imports and the effect of the pandemic have contributed to unstable industry revenue growth. The appreciation of the Canadian dollar relative to its trading partners during the period has encouraged demand for increasingly affordable imports while also increasing price competitiveness domestically. Consumer demand for footwear has been predominantly satisfied by competitively priced products manufactured in developing countries. However, over the past five years, revenue has been growing at a CAGR of 0.7%,... Learn More
-
6. Paper Mills in Canada
Decline in Imports for 2025: -18.4%
Paper mills have continued to experience declines over the five years to 2023. One of the biggest drivers of these declines has been the contraction of downstream publishing industries across North America. Major declines in the print newspaper industry have considerably impacted industry revenue. All domestic publishing industries have experienced decreased revenue from downstream paper-based communications companies. The COVID-19 pandemic significantly affected downstream markets as shifts to remote work further contributed to these trends. Revenue is expected to decline at a CAGR of 6.4% to $6.6 billion over the five years to 2023, including a decline of 2.3% in 2023,... Learn More
-
7. Coal Mining in Canada
Decline in Imports for 2025: -14.1%
Operators in the Coal Mining industry in Canada have experienced considerable fluctuations in prices of industry goods. Canadian coal mining revenue has been increasing at an annualized 11.3% over the past five years, including an estimated 32.3% decrease in 2023, and is expected to total $19.0 billion. In 2023, profit is set to increase to 32.1%. The industry has two primary products, metallurgical coal used for steel production and thermal coal used in energy generation. At the start of the current period, global oversupply and falling demand resulted in low prices and revenue. Subsequent price growth between 2016 and 2018... Learn More
-
8. Forklift & Conveyor Manufacturing in Canada
Decline in Imports for 2025: -10.5%
Canadian forklift and conveyor manufacturers largely rely on foreign demand, particularly from the United States. Exports account for more than 75.0% of revenue, with the United States making up more than 85.0% of those exports. Many trends in Canadian and American manufacturing, construction, transportation and warehousing sectors drive growth. The Canadian effective exchange rate (CEER) index also significantly impacts operations. The CEER index appreciated, rendering Canadian-made products less affordable overseas. Supply chain shocks also hampered trade markets, leading to plummeting revenue. Revenue will contract at an expected CAGR of 0.8% to $5.2 billion through the current period, including a 3.7%... Learn More
-
9. Hand Tool & Cutlery Manufacturing in Canada
Decline in Imports for 2025: -10.4%
Hand tool manufacturers in Canada produces a wide variety of metal goods, including landscaping and construction tools, industrial components and consumer products. Although a diversified product selection usually shelters the industry from macroeconomic fluctuations, the industry is largely homogeneous and its low-cost nature renders manufacturers vulnerable to pressure from lower priced and more complex substitutes such as power tools. As a result, imported products manufactured in countries with lower labour costs have increasingly flooded the Canadian market, as it can be seen with rising imports from an appreciating loonie. Overall, industry revenue has decreased at a CAGR of 0.4% over... Learn More
-
10. Synthetic Fibre Manufacturing in Canada
Decline in Imports for 2025: -10.2%
The Canadian Synthetic Fibre Manufacturing industry has faced a challenging competitive landscape over the past five years. Lower production costs have sent downstream customers abroad while simultaneously expanding import penetration. Lacklustre innovation by domestic producers has shrunk their global competitiveness, forcing them to compete on price and putting downward pressure on profit. The COVID-19 pandemic compounded declines, leading revenue to shrink at a CAGR of 3.2% over the past five years, reaching an estimated $359.6 million in 2023. Falling oil prices and expanding disposable income levels will temporarily relieve synthetic fibre producers, precipitating an estimated 2.9% expansion in revenue in... Learn More
More Industry Trends
Biggest Industries by Employment in Canada in 2025
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 2025
VIEW ARTICLEBiggest Industries By Revenue in Canada in 2025
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Industries By Revenue in Canada in 2025
VIEW ARTICLEWant to see what a full IBISWorld report looks like?
Download a free sample report today to discover the breadth and depth of information available at your fingertips!
GET SAMPLE REPORT