Canada - Boards, Consoles, Etc. Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Canada - Boards, Consoles, Etc. Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V - Market Analysis, Forecast, Size, Trends and Insights

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Price for Electrical Board and Console in Canada - 2023

Contents:

  1. Price for Electrical Board and Console in Canada (FOB) - 2022
  2. Price for Electrical Board and Console in Canada (CIF) - 2022
  3. Exports of Electrical Board and Console in Canada
  4. Imports of Electrical Board and Console in Canada

Price for Electrical Board and Console in Canada (FOB) - 2022

In 2022, the average electrical board and console export price amounted to $267 per unit, waning by -4.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 62%. As a result, the export price reached the peak level of $436 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($267 per unit), while the average price for exports to Norway stood at $267 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.5%).

Price for Electrical Board and Console in Canada (CIF) - 2022

In 2022, the average electrical board and console import price amounted to $272 per unit, which is down by -3.9% against the previous year. In general, the import price showed a slight descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 9.9%. Over the period under review, average import prices attained the maximum at $324 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($272 per unit) and the United States ($272 per unit), while the price for Spain ($272 per unit) and Switzerland ($272 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-1.6%), while the prices for the other major suppliers experienced a decline.

Exports of Electrical Board and Console in Canada

Electrical board and console exports from Canada rose notably to 434K units in 2022, growing by 10% on 2021 figures. The total export volume increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, electrical board and console exports rose slightly to $116M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Electrical Board and Console in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States71.993.799.410613.8%
NorwayN/A0.5N/A1.889.7%
Others15.310.011.07.8-20.1%
Total87.210411011610.0%

Top Export Markets for Electrical Board and Console from Canada in 2022:

  1. United States (398.5K units)
  2. Norway (6.7K units)

Imports of Electrical Board and Console in Canada

After two years of decline, supplies from abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding 1000 v increased by 12% to 367K units in 2022. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at 442K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical board and console imports reached $100M in 2022. Overall, imports, however, recorded a noticeable shrinkage. Imports peaked at $114M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Electrical Board and Console in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States55.257.754.864.05.1%
Mexico26.29.510.39.1-29.7%
Germany11.612.29.07.8-12.4%
Czech Republic4.76.112.14.70.0%
Switzerland7.03.40.83.4-21.4%
China1.41.92.62.826.0%
Spain0.21.41.11.8108.0%
Others7.73.71.76.1-7.5%
Total11495.992.499.7-4.4%

Top Suppliers of Electrical Board and Console to Canada in 2022:

  1. United States (235.5K units)
  2. Mexico (33.7K units)
  3. Germany (28.9K units)
  4. Czech Republic (17.3K units)
  5. Switzerland (12.7K units)
  6. China (10.2K units)
  7. Spain (6.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for electrical board and console 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 27123203 - Numerical control panels, 1 .000 V < voltage . .72,5 kV
  • Prodcom 27123205 - Numerical control panels, voltage > .72,5 kV

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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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