Canada: Resistor Market 2024

Resistor Market Size in Canada

In 2022, the Canadian resistor market was finally on the rise to reach $X for the first time since 2013, thus ending a eight-year declining trend. In general, consumption, however, continues to indicate a precipitous decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Resistor Production in Canada

In value terms, resistor production contracted to $X in 2022 estimated in export price. Overall, production showed a abrupt decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Resistor Exports

Exports from Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of electrical resistors (except heating resistors), when their volume decreased by X% to X units. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, resistor exports amounted to $X in 2022. In general, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for resistor exports from Canada, accounting for a X% share of total exports. Moreover, resistor exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. Slovakia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Slovakia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average resistor export price amounted to $X per thousand units, surging by X% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, resistor export price decreased by X% against 2019 indices. The export price peaked at $X per thousand units in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per thousand units), while the average price for exports to Slovakia ($X per thousand units) was amongst the lowest.

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

Resistor Imports

Imports into Canada

In 2022, purchases abroad of electrical resistors (except heating resistors) was finally on the rise to reach X units after five years of decline. In general, imports, however, showed a abrupt decrease. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, resistor imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of resistor imports to Canada, together comprising X% of total imports. Japan, Taiwan (Chinese), the UK, France, Thailand, Costa Rica, Germany, Italy, Slovakia and Saint Kitts and Nevis lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electrical resistors (except heating resistors) to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average resistor import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, resistor import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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