Fastest Growing Industries by Imports in Canada in 2025

• 1. Battery Manufacturing in Canada

  Growth in Imports for 2025: 35.3%

  Battery manufacturers in Canada have experienced strong growth over the past few years. There’s growing demand for batteries in various applications, including portable electronics, electric vehicles and renewable energy storage. This has created opportunities for providers to expand their operations and increase production. In the midst of strong long-term revenue growth, recent economic conditions have induced some volatility in the industry. COVID-19 hindered demand from many businesses an...

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• 2. Aluminum Manufacturing in Canada

  Growth in Imports for 2025: 22.2%

  Canadian aluminum manufacturers produce various aluminum products, ranging from alumina to finished aluminum sheets and foil. Aluminum is lightweight, ductile, corrosion-resistant, highly conductive and recyclable, making it useful in various applications. For instance, aluminum sheets are a major input into automobiles and airplanes, while aluminum foil and rolled sheets are commonly used in containers and packaging material. The United States accounts for nearly all exports, making domestic...

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• 3. Sanitary Paper Product Manufacturing in Canada

  Growth in Imports for 2025: 18.4%

  The industry has experienced mixed results through the end of 2024, although the industry has ultimately grown thanks to increased purchases of higher-value industry goods and rising prices. Demand for nondiscretionary items is typically stable, which helps to moderate revenue fluctuations. However, the industry's small size lends itself to volatility, as any company entering or exiting the industry can have an outsize effect on overall performance. The industry has benefited from growing con...

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• 4. Adhesive Manufacturing in Canada

  Growth in Imports for 2025: 15.7%

  Canadian adhesive manufacturers produce adhesives, glues, sealants and caulking components. These products have many uses, ranging from 3M's Post-it notes to roof shingling. The industry will expand through 2023, despite the pandemic forcing all nonessential businesses to shut down to help mitigate the spread. Also, declining residential and nonresidential construction value, one of the largest markets for adhesives, has constrained demand. Overall, revenue will expand at an expected CAGR of ...

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• 5. Car & Automobile Manufacturing in Canada

  Growth in Imports for 2025: 13.5%

  Canadian car and automobile manufacturers have struggled, particularly as automakers move production abroad. High labour costs in Canada have encouraged foreign automakers to shift production to the United States and Mexico, highlighted by Toyota moving production of all passenger vehicles out of Canada.  As a result, output has fallen from Canada's biggest car producers while remaining operations have increasingly focused on SUV and light truck production. Even so, pent-up demand for driving...

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• 6. Ship Building in Canada

  Growth in Imports for 2025: 12.9%

  The Ship Building industry in Canada has been volatile over the past few years. Prior to 2019, the industry was troubled, competing with foreign builders while dealing with inconsistent domestic demand. In an effort to rebuild its Navy and Coast Guard, the federal government launched the extensive National Shipbuilding Strategy (NSS) and the industry was able to begin its expansion. This effectively solved the industry’s demand problem, since most NSS projects will take more than a decade. St...

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• 7. Soybean Farming in Canada

  Growth in Imports for 2025: 11.8%

  Revenue for soybean farmers has grown because of growth in soybean prices and exports. Exports account for the majority of revenue, so fluctuations in international demand have an outsized impact on revenue. Exports were artificially low in 2019, as they fell to a decade low, providing a small base on which revenue could more easily grow. Trade tensions between Canada and China have prevented further growth in exports. The Canadian government has criticized several social policies enforced by...

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• 8. Construction Machinery Manufacturing in Canada

  Growth in Imports for 2025: 10.1%

  Construction machinery manufacturers have enjoyed modest growth. Manufacturers have benefitted from the US dollar strengthening relative to the Canadian dollar, pushing up exports. Still, climbing imports from the US and Japan hindered some growth for manufacturers, in terms of revenue and profit. Stiff competition from imports makes it hard for manufacturers to pass higher costs onto customers and manufacturers must keep prices competitive. Higher material and wage costs have contributed to ...

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• 9. Soap & Cleaning Compound Manufacturing in Canada

  Growth in Imports for 2025: 9.9%

  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...

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• 10. Concrete Pipe & Block Manufacturing in Canada

  Growth in Imports for 2025: 9.8%

  Manufacturers of concrete pipes and blocks are vital to the construction sector, providing essential materials for residential, commercial and infrastructure projects. Economic trends influence this industry; fluctuations in interest or mortgage rates impact construction financing costs, potentially influencing construction activity and demand for materials. Additionally, the industry's engagement in international trade, particularly with the US, means that broader American economic and polit...

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