Canada: Memories Market 2025

Memories Market Size in Canada

In 2021, the Canadian memories market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a pronounced decline. Memories consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Memories Production in Canada

In value terms, memories production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Memories Exports

Exports from Canada

In 2021, the amount of multichip integrated circuits: memories exported from Canada soared to X units, picking up by 115% compared with 2020 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 128%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, memories exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for memories exports from Canada, with a 82% share of total exports. Moreover, memories exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), tenfold. The third position in this ranking was held by Germany (X units), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-1.4% per year) and Germany (+16.9% per year).

In value terms, the United States ($X) remains the key foreign market for multichip integrated circuits: memories exports from Canada, comprising 65% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total exports. It was followed by Germany, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-0.3% per year) and Germany (-6.5% per year).

Export Prices by Country

The average memories export price stood at $X per unit in 2021, dropping by -21.6% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 Hong Kong SAR (+1.0%), while the prices for the other major destinations experienced a decline.

Memories Imports

Imports into Canada

In 2021, overseas purchases of multichip integrated circuits: memories increased by 23% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, memories imports soared to $X in 2021. In general, imports, however, recorded a perceptible downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Thailand (X units) were the main suppliers of memories imports to Canada, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest memories suppliers to Canada were Taiwan (Chinese) ($X), China ($X) and South Korea ($X), together accounting for 73% of total imports.

Taiwan (Chinese), with a CAGR of +15.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average memories import price amounted to $X per unit, increasing by 35% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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