Northern America: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Northern America

The North American electrical circuit apparatus market totaled $X in 2021, almost unchanged from the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Production in Northern America

In value terms, electrical circuit apparatus production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports in Northern America

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection increased by 57% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 116% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, electrical circuit apparatus exports reached $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was near 99% of total exports in 2021. Canada (X tons) took a little share of total exports.

The United States was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection exports, with a CAGR of +15.9% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The United States (+3 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest electrical circuit apparatus supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 4.3% share of total exports.

In the United States, electrical circuit apparatus exports expanded at an average annual rate of +1.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, reducing by -26.7% against the previous year. Overall, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by 14% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.7%).

Electrical Circuit Apparatus Imports

Imports in Northern America

In 2021, approx. X tons of electrical apparatus for circuit connection, switching and protection were imported in Northern America; rising by 56% on the previous year's figure. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, amounting to X tons, which was near 95% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 4.7% share of total imports.

The United States was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection imports, with a CAGR of +16.5% from 2012 to 2021. Canada (-2.6%) illustrated a downward trend over the same period. While the share of the United States (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-14.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in Northern America, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports.

In the United States, electrical circuit apparatus imports expanded at an average annual rate of +2.8% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, falling by -20.5% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 8.1%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.7%).

Source: IndexBox Platform

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