Canada: Variable Capacitor Market 2024

Variable Capacitor Market Size in Canada

In 2022, the Canadian variable capacitor market decreased by -42.8% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Variable Capacitor Production in Canada

In value terms, variable capacitor production surged to $X in 2022 estimated in export price. Overall, production saw a deep downturn. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Variable Capacitor Exports

Exports from Canada

In 2022, the amount of variable capacitors exported from Canada declined dramatically to X units, with a decrease of -34.8% compared with the previous year's figure. In general, exports recorded a dramatic downturn. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, variable capacitor exports contracted sharply to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 1,040% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and India (X units) were the main destinations of variable capacitor exports from Canada, with a combined 80% share of total exports. Turkey, Ecuador, Germany and Switzerland lagged somewhat behind, together comprising a further 15%.

From 2020 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +483.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for variable capacitors exports from Canada, comprising 51% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by India, with a 9.2% share.

From 2020 to 2022, the average annual rate of growth in terms of value to the United States amounted to +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+147.4% per year) and India (+6,606.0% per year).

Export Prices by Country

The average variable capacitor export price stood at $X per unit in 2022, picking up by 12% against the previous year. Over the period under review, the export price showed a significant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 289% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1,050.1%), while the prices for the other major destinations experienced more modest paces of growth.

Variable Capacitor Imports

Imports into Canada

In 2022, imports of variable capacitors into Canada dropped notably to X units, shrinking by -61.9% against 2021. Over the period under review, imports faced a precipitous slump. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, variable capacitor imports dropped slightly to $X in 2022. In general, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 when imports increased by 47%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), the United States (X units) and the Dominican Republic (X units) were the main suppliers of variable capacitor imports to Canada, together accounting for 61% of total imports. China, Japan, Hong Kong SAR, Switzerland, Germany, South Korea and Mexico lagged somewhat behind, together comprising a further 34%.

From 2020 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +456.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest variable capacitor suppliers to Canada were Taiwan (Chinese) ($X), the United States ($X) and the Dominican Republic ($X), together accounting for 65% of total imports. China, Japan, Hong Kong SAR, Switzerland, Germany, South Korea and Mexico lagged somewhat behind, together accounting for a further 31%.

Hong Kong SAR, with a CAGR of +4,438.6%, 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

The average variable capacitor import price stood at $X per unit in 2022, with an increase of 155% against the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 514%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+715.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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