Canada: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Canada

In 2021, after two years of decline, there was significant growth in the Canadian non-electronic hydro- and hygrometers market, when its value increased by 21% to $X. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Canada

In 2021, approx. X units of non-electronic hydro-, hygro-, psychrometers were exported from Canada; surging by 5.1% compared with 2020. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 23%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2021. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 28% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for non-electronic hydro- and hygrometers exports from Canada, with a 74% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to the United States exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by France (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.1% per year) and France (+14.5% per year).

In value terms, the United States ($X) remains the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from Canada, comprising 75% of total exports. The second position in the ranking was held by Germany ($X), with a 4.5% share of total exports. It was followed by France, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.1% per year) and France (+20.7% per year).

Export Prices by Country

The average non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, growing by 19% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Canada

In 2021, non-electronic hydro- and hygrometers imports into Canada soared to X units, rising by 21% on 2020 figures. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electronic hydro- and hygrometers imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Finland (X units) were the main suppliers of non-electronic hydro- and hygrometers imports to Canada, with a combined 73% share of total imports. France, Thailand, Austria, Germany, Mexico, Switzerland, the UK and Singapore lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +33.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Canada were China ($X), the United States ($X) and Finland ($X), with a combined 73% share of total imports. These countries were followed by France, Thailand, Austria, Germany, Mexico, Switzerland, the UK and Singapore, which together accounted for a further 18%.

Among the main suppliers, Thailand, with a CAGR of +33.9%, recorded the highest growth rate of 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 2021, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, dropping by -2.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 8% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :