Canada: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Canada

The Canadian electrical circuit apparatus market expanded sharply to $X in 2021, growing by 12% 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, consumption continues to indicate a mild descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Canada

In 2021, electrical circuit apparatus exports from Canada rose remarkably to X tons, increasing by 7.5% compared with 2020. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 16%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for electrical circuit apparatus exports from Canada, accounting for a 78% share of total exports. Moreover, electrical circuit apparatus exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.0% per year) and China (+3.3% per year).

In value terms, the United States ($X) remains the key foreign market for electrical circuit apparatus exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by Mexico ($X), with a 4.3% share of total exports. It was followed by China, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+3.8% per year) and China (+3.0% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, increasing by 2.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2015 an increase of 32%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were South Korea ($X per ton) and Mexico ($X per ton), while the average price for exports to the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Canada

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection decreased by -7.2% to X tons, falling for the second year in a row after four years of growth. Overall, imports saw a perceptible slump. The growth pace was the most rapid in 2014 with an increase of 7.3%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of electrical circuit apparatus to Canada, with a 38% share of total imports. Moreover, electrical circuit apparatus imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. China (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-1.0% per year) and China (+0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of electrical circuit apparatus to Canada, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Mexico, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.2% per year) and Mexico (+1.2% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, growing by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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