Canada: Electrical Transformer Market 2024

Electrical Transformer Market Size in Canada

The Canadian electrical transformer market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Transformer Production in Canada

In value terms, electrical transformer production soared to $X in 2022 estimated in export price. In general, production, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Electrical transformer production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Electrical Transformer Exports

Exports from Canada

After two years of growth, overseas shipments of electrical transformers decreased by X% to X units in 2022. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, electrical transformer exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electrical transformer exports from Canada, accounting for a X% share of total exports. Moreover, electrical transformer exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), sevenfold. The third position in this ranking was held by China (X units), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value 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 Germany (X% per year).

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a abrupt decrease. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 the United States ($X per unit), while the average price for exports to Hong Kong SAR ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Canada

For the fifth consecutive year, Canada recorded growth in supplies from abroad of electrical transformers, which increased by X% to X units in 2022. In general, imports saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, electrical transformer imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of electrical transformer imports to Canada, together accounting for X% of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of electrical transformers to Canada, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

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

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :