Seals; Mechanical Price in Canada - 2023

Seals; Mechanical Price in Canada (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $6.5 per unit, growing by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($6.5 per unit) and the United States ($6.5 per unit), while the price for Italy ($6.5 per unit) and the UK ($6.5 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Canada (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $9.7 per unit, declining by -1.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $10 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cuba ($9.7 per unit) and Australia ($9.7 per unit), while the average price for exports to Singapore ($9.7 per unit) and France ($9.7 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Canada

In 2022, the amount of seals; mechanicals imported into Canada soared to 17M units, growing by 17% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, seals; mechanical imports soared to $109M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Seals; Mechanical in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	68.7	49.4	56.9	70.2	0.7%
Sweden	4.0	3.8	4.3	7.5	23.3%
Germany	6.9	5.3	6.2	6.2	-3.5%
United Kingdom	5.3	5.0	5.6	4.2	-7.5%
China	1.9	1.4	2.7	3.5	22.6%
Mexico	3.5	2.9	2.7	2.6	-9.4%
Italy	2.0	1.4	1.3	2.2	3.2%
Japan	2.3	2.1	2.1	2.2	-1.5%
Turkey	0.1	N/A	0.9	2.1	175.9%
Others	6.0	5.9	6.2	8.8	13.6%
Total	101	77.1	88.9	109	2.6%

Top Suppliers of Seals; Mechanical to Canada in 2022:

United States (10.9M units)
Sweden (1.2M units)
Germany (1.0M units)
United Kingdom (0.7M units)
China (0.5M units)
Mexico (0.4M units)
Turkey (0.3M units)
Italy (0.3M units)
Japan (0.3M units)

Seals; Mechanical Exports in Canada

In 2022, the amount of seals; mechanicals exported from Canada skyrocketed to 4M units, growing by 15% compared with 2021 figures. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports amounted to $39M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at $39M in 2019; afterwards, it flattened through to 2022.

Export of Seals; Mechanical in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.9	7.9	8.1	9.2	10.1%
Poland	3.4	2.3	2.6	4.2	7.3%
Germany	5.1	3.1	3.8	4.2	-6.3%
Singapore	6.0	2.5	2.9	3.6	-15.7%
Netherlands	3.3	2.0	2.5	3.5	2.0%
France	3.1	1.1	3.4	2.8	-3.3%
United Kingdom	1.6	2.2	2.0	2.4	14.5%
Australia	0.8	0.6	0.7	1.3	17.6%
Brazil	0.6	0.5	0.4	0.7	5.3%
Cuba	0.8	0.8	2.4	0.6	-9.1%
India	1.6	0.7	0.2	0.2	-50.0%
Others	6.0	5.6	5.8	6.4	2.2%
Total	39.2	29.3	34.6	39.2	0.0%