Cash Register Market in Canada
Market Overview
In 
, the Canadian cash register market increased by % to $, rising for the second consecutive year after two years of decline. In general, consumption showed a buoyant increase. Cash register consumption peaked in and is likely to continue growth in years to come.
In value terms, cash register production reduced markedly to $ in estimated in export price. Overall, production, however, posted a moderate increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
, the Canadian cash register market increased by % to $, rising for the second consecutive year after two years of decline. In general, consumption showed a buoyant increase. Cash register consumption peaked in and is likely to continue growth in years to come.In value terms, cash register production reduced markedly to $
in estimated in export price. Overall, production, however, posted a moderate increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of cash registers increased by % to units, rising for the second year in a row after two years of decline. In general, consumption showed buoyant growth. Cash register consumption peaked in and is likely to continue growth in the immediate term.
The value of the cash register market in Canada soared to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market attained the peak level in and is expected to retain growth in years to come.
, consumption of cash registers increased by % to units, rising for the second year in a row after two years of decline. In general, consumption showed buoyant growth. Cash register consumption peaked in and is likely to continue growth in the immediate term.The value of the cash register market in Canada soared to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market attained the peak level in and is expected to retain growth in years to come.Market Forecast
Driven by increasing demand for cash registers in Canada, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Cash register market in Canada consists almost entirely of imported products.
Trade Balance
Canada remains a net importer of cash register; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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