Printing shipments up but exports down, statistics show

  • 2011-05-03
The printing services sector is on a tentative road to economic recovery, encouraging national statistics for Canada show.

Canada’s intricate printing industry runs from coast to coast, with many large printers and printing services suppliers headquartered in Mississauga, ON, in the Greater Toronto Area. In February and for the first time since June 2010, printing shipments showed an increase after January’s disappointing finish. According to Statistics Canada, January’s printing shipment fell 5.7% behind January 2010, lagging behind the expected recovery and promising closure of December 2011. The February 2011 results illustrate a 1.1% printing shipment increase compared to February 2010, showing Signs of industry recovery.

On the downside, the printing services industry showed a decrease of 2.17% in the export of Canadian printing products. On the other hand, due to the lower U.S. dollar exchange rate, printing exports from the United States have risen by over 23%, disrupting the balance of trade and disproportionately shifting it to 161%. The import of American printing products demonstrates the importance of local Canadian printers to offer high quality business-to-business printing services to local clients, who might otherwise turn to American Print firms to satisfy less expensive large scale printing needs.

It is especially important for Canadian printing services companies close to Toronto and Mississauga and other printing companies in cities close to the U.S. border to network closely and be aware of local and potential client needs. This will ensure they can provide high quality printing services that are competitive with their American printing competitors.
Get a Free Quote for Signs Get a Free Quote for Print