Canada: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Canada

In 2022, the Canadian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Canada

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced slump. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Canada

In 2022, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Canada declined significantly to X units, waning by -77.9% against the year before. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 992%. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +84.4% against 2020 indices. 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 exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +17.8%.

In value terms, the United States ($X) also remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +7.1%.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of 556% against the previous year. Overall, the export price, however, continues to indicate a deep slump. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -9.1% per year.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Canada

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA into Canada reduced markedly to X units in 2022, with a decrease of -79.5% on 2021. Overall, imports saw a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 289%. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +54.1% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 45% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Canada, with a 72% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. Mexico (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.0% per year) and Mexico (-7.8% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Canada were the United States ($X), China ($X) and Mexico ($X), together accounting for 75% of total imports. Germany, Italy and Denmark lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Italy, with a CAGR of +38.1%, saw the highest rates of growth with regard to the value of imports, 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 import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, surging by 552% against the previous year. In general, the import price showed a measured expansion. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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