Report Canada - Multimeters - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Canada - Multimeters - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Multimeter Market 2025

Multimeter Market Size in Canada

The Canadian multimeter market fell to $X in 2022, which is down by -8.4% against the previous year. In general, consumption recorded a slight descent. Multimeter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Multimeter Production in Canada

In value terms, multimeter production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of 70% against the previous year. Multimeter production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Multimeter Exports

Exports from Canada

In 2022, shipments abroad of multimeters was finally on the rise to reach X units after two years of decline. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when exports increased by 53%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, multimeter exports surged to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for multimeter exports from Canada, with a 45% share of total exports. Moreover, multimeter exports to the United States exceeded the volume sent to the second major destination, Cuba (X units), fivefold. The third position in this ranking was taken by Switzerland (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+10.9% per year) and Switzerland (+8.3% per year).

In value terms, the United States ($X) remains the key foreign market for multimeters exports from Canada, comprising 45% of total exports. The second position in the ranking was held by Cuba ($X), with an 8.4% share of total exports. It was followed by Switzerland, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+9.6% per year) and Switzerland (+7.0% per year).

Export Prices by Country

The average multimeter export price stood at $X per unit in 2022, waning by -10.7% against the previous year. Over the period under review, the export price recorded a slight setback. The growth pace was the most rapid in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cuba ($X per unit) and Norway ($X per unit), while the average price for exports to Thailand ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.8%), while the prices for the other major destinations experienced a decline.

Multimeter Imports

Imports into Canada

After six years of growth, overseas purchases of multimeters decreased by -8% to X units in 2022. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, multimeter imports contracted notably to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +34.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

China (X units), the United States (X units) and Malaysia (X units) were the main suppliers of multimeter imports to Canada, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Malaysia ($X) constituted the largest multimeter suppliers to Canada, with a combined 82% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +24.5%, 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 multimeter import price amounted to $X per unit, shrinking by -8.9% against the previous year. In general, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 6.5%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for the UK ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of multimeter consumption in 2020 were Hong Kong SAR, China and the U.S., together accounting for 53% of global consumption.
The country with the largest volume of multimeter production was China, accounting for 36% of total volume. Moreover, multimeter production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 7.6% share.
In value terms, the largest multimeter suppliers to Canada were China, the U.S. and Germany, with a combined 74% share of total imports.
In value terms, the U.S. remains the key foreign market for multimeter exports from Canada, comprising 53% of total exports. The second position in the ranking was occupied by Switzerland, with a 7.7% share of total exports. It was followed by Vietnam, with a 5.1% share.
The average multimeter export price stood at $477 per unit in 2020, picking up by 10% against the previous year.
The average multimeter import price stood at $27 per unit in 2020, waning by -22% against the previous year.

This report provides an in-depth analysis of the multimeter market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26514310 - Multimeters

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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