Canada: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Canada

The Canadian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022, picking up by 55% against the previous year. Over the period under review, consumption recorded a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Canada

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 6% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,320% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +114.7% 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 over X kVA from Canada, with a 95% share of total exports. It was followed by the Dominican Republic (X units), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +57.6%.

In value terms, the United States ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Canada, comprising 97% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +2.9%.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, picking up by 51% against the previous year. In general, the export price, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 78%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign 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 the Dominican Republic totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-34.7%).

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Canada

Imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA into Canada soared to X units in 2022, picking up by 36% on 2021. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 47,146%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Over the period under review, imports enjoyed a measured increase. The pace of growth was the most pronounced in 2021 when imports increased by 80%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Canada, with a 63% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +97.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+66.1% per year) and China (+97.9% per year).

In value terms, the United States ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Canada, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total imports. It was followed by Switzerland, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.6% per year) and Switzerland (+11.8% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, flattening at the previous year. Overall, the import price continues to indicate a precipitous decrease. The growth pace was the most rapid in 2016 when the average import price increased by 144% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 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 ($X per unit), while the price for Spain ($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 (-42.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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