Canada: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Canada

In 2021, the Canadian telecommunications instrument market increased by 12% to $X, rising for the fifth year in a row after two years of decline. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.3% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Telecommunications Instrument Production in Canada

In value terms, telecommunications instrument production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 71%. Over the period under review, production attained the maximum level at $X in 2020, and then fell slightly in the following year.

Telecommunications Instrument Exports

Exports from Canada

In 2021, approx. X units of telecommunications instruments were exported from Canada; reducing by -1.8% against 2020 figures. In general, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of 7.6%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, telecommunications instrument exports expanded notably to $X in 2021. Overall, exports recorded a slight shrinkage. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for telecommunications instrument exports from Canada, accounting for a 53% share of total exports. Moreover, telecommunications instrument exports to the United States exceeded the volume sent to the second major destination, France (X units), fivefold. The UK (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+25.5% per year) and the UK (+11.6% per year).

In value terms, the United States ($X) remains the key foreign market for telecommunications instruments exports from Canada, comprising 53% of total exports. The second position in the ranking was taken by France ($X), with a 10% share of total exports. It was followed by the UK, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+28.7% per year) and the UK (+14.4% per year).

Export Prices by Country

The average telecommunications instrument export price stood at $X per unit in 2021, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 an increase of 14%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Finland ($X per unit) and Japan ($X per unit), while the average price for exports to the United States ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Telecommunications Instrument Imports

Imports into Canada

In 2021, overseas purchases of telecommunications instruments increased by 17% to X units for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, recorded a noticeable contraction. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, telecommunications instrument imports soared to $X in 2021. Overall, imports, however, continue to indicate a mild setback. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X units), the United States (X units) and Germany (X units) were the main suppliers of telecommunications instrument imports to Canada, with a combined 68% share of total imports. These countries were followed by China, the UK, the Czech Republic, Thailand and Japan, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +41.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and Germany ($X) appeared to be the largest telecommunications instrument suppliers to Canada, with a combined 68% share of total imports. China, the UK, the Czech Republic, Thailand and Japan lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +44.6%, 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

The average telecommunications instrument import price stood at $X per unit in 2021, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2014 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Thailand ($X per unit), while the price for the United States ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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