Canada: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Canada

The Canadian electronic lamp machine market contracted to $X in 2021, with a decrease of -11% against the previous year. In general, consumption, however, saw prominent growth. Electronic lamp machine consumption peaked at $X in 2020, and then shrank in the following year.

Electronic Lamp Machine Production in Canada

In value terms, electronic lamp machine production fell to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. Electronic lamp machine production peaked at $X in 2020, and then reduced in the following year.

Electronic Lamp Machine Exports

Exports from Canada

In 2021, approx. X units of machines for electric or electronic lamps, tubes, valves or flashbulbs were exported from Canada; rising by 7.6% compared with 2020. In general, exports posted pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,426%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic lamp machine exports surged to $X in 2021. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,455% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for electronic lamp machine exports from Canada, accounting for a 68% share of total exports. Moreover, electronic lamp machine exports to South Korea exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea amounted to +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+48.0% per year) and the United States (-22.6% per year).

In value terms, the United States ($X) remains the key foreign market for electronic lamp machine exports from Canada, comprising 87% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.3% share of total exports. It was followed by the United Arab Emirates, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+65.7% per year) and the United Arab Emirates (+37.6% per year).

Export Prices by Country

In 2021, the average electronic lamp machine export price amounted to $X per unit, with an increase of 29% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 60%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+57.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electronic Lamp Machine Imports

Imports into Canada

In 2021, approx. X units of machines for electric or electronic lamps, tubes, valves or flashbulbs were imported into Canada; waning by -58.3% against the previous year. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 680% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, electronic lamp machine imports contracted remarkably to $X in 2021. Over the period under review, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 270% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main electronic lamp machine supplier to Canada, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.7%.

In value terms, the largest electronic lamp machine suppliers to Canada were the UK ($X), Finland ($X) and the United States ($X), together comprising 91% of total imports. These countries were followed by China, France and South Korea, which together accounted for a further 5.6%.

South Korea, with a CAGR of +2.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electronic lamp machine import price stood at $X per unit in 2021, which is down by -90.7% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 691% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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