Canada: Inductor Market 2024

Inductor Market Size in Canada

The Canadian inductor market fell to $X in 2022, waning by -5.8% against the previous year. Overall, consumption, however, posted a significant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Inductor Production in Canada

In value terms, inductor production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 238%. Inductor production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Inductor Exports

Exports from Canada

In 2022, exports of inductors from Canada fell to X units, with a decrease of -5.8% against 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 4.2% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, inductor exports rose notably to $X in 2022. Over the period under review, exports recorded a pronounced descent. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for inductor exports from Canada, accounting for a 86% share of total exports. It was followed by Australia (X units), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -7.7%.

In value terms, the United States ($X) remains the key foreign market for inductors exports from Canada, comprising 86% of total exports. The second position in the ranking was taken by Australia ($X), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average inductor export price amounted to $X per unit, surging by 18% against the previous year. In general, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 Australia 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 (+8.2%).

Inductor Imports

Imports into Canada

In 2022, approx. X units of inductors were imported into Canada; declining by -22.7% on 2021 figures. Over the period under review, imports recorded a perceptible downturn. The growth pace was the most rapid in 2013 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, inductor imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

China (X units), the United States (X units) and Mexico (X units) were the main suppliers of inductor imports to Canada, together accounting for 67% of total imports. South Korea, Japan, Vietnam, Taiwan (Chinese), Germany, Indonesia, the Philippines, Brazil and Austria lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Mexico ($X) appeared to be the largest inductor suppliers to Canada, with a combined 67% share of total imports. South Korea, Japan, Vietnam, Taiwan (Chinese), Germany, Indonesia, the Philippines, Brazil and Austria lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, South Korea, with a CAGR of +31.0%, recorded 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 inductor import price amounted to $X per unit, jumping by 26% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inductor import price increased by +80.3% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Mexico ($X per unit), while the price for Vietnam ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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