Canada: Amplifier Market 2024

Amplifier Market Size in Canada

In 2022, the Canadian amplifier market increased by 5.2% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 9.4% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Amplifier Exports

Exports from Canada

In 2022, shipments abroad of amplifiers was finally on the rise to reach X units after four years of decline. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, amplifier exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for amplifier exports from Canada, with a 75% share of total exports. Moreover, amplifier exports to the United States exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. The third position in this ranking was held by India (X units), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2.0% per year) and India (+37.5% per year).

In value terms, the United States ($X) remains the key foreign market for amplifiers exports from Canada, comprising 66% of total exports. The second position in the ranking was held by Japan ($X), with a 2.2% share of total exports. It was followed by India, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+9.0% per year) and India (+14.8% per year).

Export Prices by Country

The average amplifier export price stood at $X per unit in 2022, reducing by -18.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15%. As a result, the export price attained the peak level of $X per unit, and then fell markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Amplifier Imports

Imports into Canada

In 2022, overseas purchases of amplifiers were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 11%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, amplifier imports expanded sharply to $X in 2022. In general, imports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Mexico (X units) were the main suppliers of amplifier imports to Canada, together comprising 80% of total imports. Japan, Vietnam, Malaysia and Thailand lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +33.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest amplifier suppliers to Canada were China ($X), the United States ($X) and Mexico ($X), together comprising 70% of total imports. Japan, Malaysia, Thailand and Vietnam lagged somewhat behind, together accounting for a further 14%.

Japan, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amplifier import price amounted to $X per unit, shrinking by -2% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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