Price for Electrical Insulators of Any Material in Canada - 2023
Contents:
- Price for Electrical Insulators of Any Material in Canada (CIF) - 2022
- Price for Electrical Insulators of Any Material in Canada (FOB) - 2022
- Imports of Electrical Insulators of Any Material in Canada
- Exports of Electrical Insulators of Any Material in Canada
Price for Electrical Insulators of Any Material in Canada (CIF) - 2022
In 2022, the average import price for electrical insulators of any materials amounted to $12 per unit, dropping by -13.7% against the previous year. Over the period under review, the import price faced a precipitous curtailment. The most prominent rate of growth was recorded in 2013 an increase of 11%. As a result, import price reached the peak level of $128 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
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 ($13 per unit) and China ($13 per unit), while the price for Brazil ($10 per unit) and France ($11 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-12.0%), while the prices for the other major suppliers experienced a decline.
Price for Electrical Insulators of Any Material in Canada (FOB) - 2022
The average export price for electrical insulators of any materials stood at $0.9 per unit in 2022, increasing by 4.3% against the previous year. Overall, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41% against the previous year. The export price peaked at $2.8 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($1.4 per unit), while the average price for exports to Japan ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-9.4%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Insulators of Any Material in Canada
In 2022, electrical insulators of any material imports into Canada skyrocketed to 8.3M units, rising by 51% compared with 2021. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electrical insulators of any material imports skyrocketed to $102M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electrical Insulators of Any Material in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.9 | 32.7 | 35.2 | 47.9 | 11.1% |
| Italy | 15.7 | 15.7 | 14.2 | 16.8 | 2.3% |
| China | 9.7 | 11.6 | 9.9 | 12.9 | 10.0% |
| Mexico | 2.9 | 3.1 | 3.2 | 5.3 | 22.3% |
| France | 2.1 | 1.3 | 2.0 | 5.1 | 34.4% |
| India | 2.3 | 2.2 | 2.1 | 2.2 | -1.5% |
| Brazil | 0.8 | 1.0 | 1.3 | 2.0 | 35.7% |
| Germany | 2.4 | 1.5 | 1.3 | 2.0 | -5.9% |
| Others | 8.8 | 6.7 | 9.1 | 8.0 | -3.1% |
| Total | 79.6 | 75.6 | 78.2 | 102 | 8.6% |
Top Suppliers of Electrical Insulators of Any Material to Canada in 2022:
- United States (3760.5K units)
- Italy (1317.5K units)
- China (1015.0K units)
- France (483.5K units)
- Mexico (440.3K units)
- Brazil (199.7K units)
- India (175.0K units)
- Germany (166.3K units)
Exports of Electrical Insulators of Any Material in Canada
In 2022, approx. 54M units of electrical insulators of any materials were exported from Canada; rising by 12% compared with the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, electrical insulators of any material exports soared to $47M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Electrical Insulators of Any Material in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.5 | 18.9 | 28.3 | 35.5 | 20.1% |
| Sweden | 0.6 | 0.4 | 1.4 | 1.8 | 44.2% |
| El Salvador | 1.6 | 0.3 | 0.7 | 1.2 | -9.1% |
| Italy | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Japan | 0.5 | 0.4 | 0.3 | 0.5 | 0.0% |
| China | 1.2 | 0.4 | 0.4 | 0.4 | -30.7% |
| Germany | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
| Belgium | 0.7 | 0.4 | 0.5 | 0.3 | -24.6% |
| Finland | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| United Kingdom | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| South Korea | 1.3 | 0.1 | 0.2 | 0.1 | -57.5% |
| Others | 8.7 | 6.1 | 6.9 | 5.9 | -12.1% |
| Total | 36.3 | 28.1 | 40.0 | 46.8 | 8.8% |
Top Export Markets for Electrical Insulators of Any Material from Canada in 2022:
- United States (29.7M units)
- Sweden (4.1M units)
- Japan (2.4M units)
- Germany (2.0M units)
- Italy (1.6M units)
- China (1.5M units)
- Belgium (1.5M units)
- Finland (1.3M units)
- El Salvador (0.8M units)
- United Kingdom (0.5M units)
- South Korea (0.4M units)
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Imports of Electrical Insulators reached their highest point and are expected to keep increasing in the near future, with a total value of $113M in 2023.
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