Canada: Circuit Breaker Market 2025

Circuit Breaker Market Size in Canada

The Canadian circuit breaker market soared to $X in 2022, surging by 22% 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). In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.1% against 2018 indices. Circuit breaker consumption peaked in 2022 and is expected to retain growth in years to come.

Circuit Breaker Exports

Exports from Canada

Circuit breaker exports from Canada surged to X units in 2022, increasing by 33% on the previous year's figure. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker exports expanded rapidly to $X in 2022. Overall, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 40%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for circuit breaker exports from Canada, accounting for a 95% share of total exports. It was followed by China (X units), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.1% per year) and Mexico (-21.5% per year).

In value terms, the United States ($X) remains the key foreign market for automatic circuit breakers exports from Canada, comprising 94% of total exports. The second position in the ranking was held by China ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.9% per year) and Mexico (-20.2% per year).

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, waning by -14% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 China (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Canada

In 2022, the amount of automatic circuit breakers imported into Canada skyrocketed to X units, jumping by 30% compared with the previous year. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.1% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker imports soared to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Mexico (X units), the United States (X units) and Italy (X units) were the main suppliers of circuit breaker imports to Canada, with a combined 66% share of total imports. The Dominican Republic, the Philippines, Switzerland, the Czech Republic, China and Germany lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and Italy ($X) appeared to be the largest circuit breaker suppliers to Canada, together accounting for 67% of total imports. The Dominican Republic, the Philippines, Switzerland, the Czech Republic, China and Germany lagged somewhat behind, together accounting for a further 26%.

The Czech Republic, with a CAGR of +47.5%, 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

The average circuit breaker import price stood at $X per unit in 2022, shrinking by -6.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 11%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Germany ($X per unit), while the price for the Czech Republic ($X per unit) and the Philippines ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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