Trends in manufacturing resulting from the COVID-19 pandemic and supply chain disruptions

Description: Trends in manufacturing resulting from the COVID-19 pandemic and supply chain disruptions
Following the largest decline in almost a decade in 2020 because of the pandemic, manufacturing sales have reached their highest level on record in 2022.
From January 2020 to June 2022, the value of manufacturing sales rose 27.8%, while, the volume of goods sold rose 0.1%.
Date | Current dollar salesNote 1 | Constant dollar salesNote 2 |
---|---|---|
Jun-19 | 57,743,623,621.00 | 52,956,098,000.00 |
Jul-19 | 57,204,408,183.00 | 52,683,718,000.00 |
Aug-19 | 57,849,235,539.00 | 53,170,965,000.00 |
Sep-19 | 57,741,748,757.00 | 52,986,378,000.00 |
Oct-19 | 57,394,519,918.00 | 52,734,054,000.00 |
Nov-19 | 57,032,603,206.00 | 52,279,522,000.00 |
Dec-19 | 57,035,775,759.00 | 52,278,710,000.00 |
Jan-20 | 56,206,668,236.00 | 51,747,856,000.00 |
Feb-20 | 56,520,567,346.00 | 52,174,778,000.00 |
Mar-20 | 49,758,131,409.00 | 46,677,682,000.00 |
Apr-20 | 36,234,455,054.00 | 35,240,935,000.00 |
May-20 | 40,871,821,988.00 | 39,423,700,000.00 |
Jun-20 | 49,530,301,396.00 | 46,728,957,000.00 |
Jul-20 | 53,271,965,191.00 | 49,797,625,000.00 |
Aug-20 | 52,693,426,105.00 | 48,995,165,000.00 |
Sep-20 | 54,095,827,172.00 | 49,918,371,000.00 |
Oct-20 | 54,570,506,625.00 | 50,299,633,000.00 |
Nov-20 | 54,149,878,165.00 | 49,934,728,000.00 |
Dec-20 | 55,071,480,115.00 | 50,025,074,000.00 |
Jan-21 | 57,076,698,500.00 | 50,733,285,000.00 |
Feb-21 | 56,377,558,302.00 | 48,937,220,000.00 |
Mar-21 | 59,139,899,414.00 | 50,802,651,000.00 |
Apr-21 | 58,235,807,798.00 | 48,835,959,000.00 |
May-21 | 58,641,155,758.00 | 48,183,838,000.00 |
Jun-21 | 60,466,322,117.00 | 49,449,821,000.00 |
Jul-21 | 60,142,191,069.00 | 48,876,253,000.00 |
Aug-21 | 60,770,311,428.00 | 49,364,619,000.00 |
Sep-21 | 59,454,740,506.00 | 47,654,740,000.00 |
Oct-21 | 62,262,650,251.47 | 49,359,140,000.00 |
Nov-21 | 64,143,736,740.25 | 50,774,240,000.00 |
Dec-21 | 64,948,736,713.66 | 51,416,017,000.00 |
Jan-22 | 65,252,176,636.68 | 50,248,758,000.00 |
Feb-22 | 68,875,163,932.04 | 51,994,294,000.00 |
Mar-22 | 71,374,900,462.67 | 52,622,098,000.00 |
Apr-22 | 73,213,997,940.25 | 53,370,322,000.00 |
May-22 | 72,415,597,131.64 | 51,776,166,000.00 |
Jun-22 | 71,826,078,524.70 | 51,804,735,000.00 |
Mainly because of a shortage of microchips, sales of new motor vehicles decreased 29.0% while the number of new motor vehicles manufactured declined 36.7% between the first six month of 2019 and the first six months of 2022.
Total sales (in millions) | Total vehicles made | |
---|---|---|
2019 first six months | 29,644,087 | 986,202 |
2020 first six months | 16,523,180 | 545,502 |
2021 first six months | 16,988,799 | 567,759 |
2022 first six months | 21,045,939 | 624,701 |
The total number of manufacturers that faced raw material shortages has almost tripled since the onset of the pandemic, while those with insufficient labour have increased by more than half.
Number of plants impacted | ||
---|---|---|
Lack of raw materials | Insufficient labour | |
2019 first six months | 858 | 1,482 |
2022 first six months | 2,360 | 2,350 |
Percentage of manufacturing plants impacted by unpredicted events
The pandemic-related restrictions affected 85.2% of firms in 2020
Flooding in B.C. affected 28.1% in 2021
Protests against health measures affected 17.7% in 2022.
The Industrial Price IndexNote 3 increased 31.4% between January 2020 and June 2022, and growth was notable across many manufacturing industries.
percentage | |
---|---|
Manufacturing | 31.4% |
Food manufacturing | 23.7% |
Wood product manufacturing | 52.3% |
Petroleum and coal product manufacturing | 95.1% |
Chemical manufacturing | 36.5% |
Primary metal manufacturing | 50.3% |
Definitions:
“Current dollars” are what we usually mean when we refer to a currency in the current time period. The term “constant dollars” refers to dollars of several years expressed in terms of their value (“purchasing power”) in a single year, called the base year. This type of adjustment is done to eliminate the impact of widespread price changes.
Current dollars are converted to constant dollars using an index of price movements. The most widely used index for household or family incomes, provided that no specific uses of the income are identified, is the Consumer Price Index (CPI), which reflects average spending patterns by consumers in Canada.
Source: Statistics Canada. Monthly Survey of Manufacturing.
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