Canada - Instruments for Measuring Electrical Quantities - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Instruments for Measuring Electrical Quantities in Canada - 2023
Contents:
- Price for Instruments for Measuring Electrical Quantities in Canada (CIF) - 2023
- Price for Instruments for Measuring Electrical Quantities in Canada (FOB) - 2023
- Imports of Instruments for Measuring Electrical Quantities in Canada
- Exports of Instruments for Measuring Electrical Quantities in Canada
Price for Instruments for Measuring Electrical Quantities in Canada (CIF) - 2023
In June 2023, the average import price for instruments for measuring electrical quantities amounted to $20.0 per unit, declining by -2.1% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 5.7% against the previous month. Over the period under review, average import prices hit record highs at $21.3 per unit in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($40.4 per unit), while the price for Israel ($18.1 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Instruments for Measuring Electrical Quantities in Canada (FOB) - 2023
The average export price for instruments for measuring electrical quantities stood at $26.1 per unit in June 2023, surging by 14% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Switzerland ($32.8 per unit) and the United States ($26.6 per unit), while the average price for exports to Germany ($22.1 per unit) and China ($22.3 per unit) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Instruments for Measuring Electrical Quantities in Canada
In 2022, the amount of instruments for measuring electrical quantities imported into Canada soared to 5.1M units, with an increase of 37% against 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, instruments for measuring electrical quantities imports soared to $104M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Instruments for Measuring Electrical Quantities in Canada (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 35.6 | 29.9 | 31.6 | 39.6 | 3.6% |
China | 16.2 | 14.5 | 20.1 | 22.6 | 11.7% |
Japan | 1.2 | 1.3 | 8.4 | 7.9 | 87.4% |
Germany | 5.9 | 5.2 | 6.2 | 7.5 | 8.3% |
Malaysia | 2.6 | 2.4 | 4.0 | 4.9 | 23.5% |
Mexico | 3.1 | 2.9 | 3.0 | 3.8 | 7.0% |
Taiwan (Chinese) | 2.7 | 2.1 | 2.5 | 2.6 | -1.3% |
Vietnam | N/A | 0.2 | 0.1 | 2.6 | 260.6% |
United Kingdom | 2.0 | 1.7 | 1.8 | 2.5 | 7.7% |
Others | 8.6 | 6.5 | 9.2 | 9.6 | 3.7% |
Total | 77.9 | 66.6 | 86.8 | 104 | 10.1% |
Top Suppliers of Instruments for Measuring Electrical Quantities to Canada in 2022:
- United States (1852.3K units)
- China (822.7K units)
- Japan (424.0K units)
- Germany (387.3K units)
- Mexico (207.8K units)
- Vietnam (142.5K units)
- United Kingdom (114.7K units)
- Taiwan (Chinese) (110.9K units)
- Malaysia (92.5K units)
Exports of Instruments for Measuring Electrical Quantities in Canada
In 2022, the amount of instruments for measuring electrical quantities exported from Canada expanded slightly to 1.4M units, increasing by 2.3% compared with the previous year. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, the exports attained the peak of 1.5M units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, instruments for measuring electrical quantities exports rose to $33M in 2022. The total export value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 8.5% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
Export of Instruments for Measuring Electrical Quantities in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 14.1 | 18.1 | 18.3 | 20.7 | 13.7% |
Mexico | 0.5 | 1.0 | 1.2 | 1.1 | 30.1% |
Germany | 0.6 | 0.6 | 0.5 | 1.1 | 22.4% |
United Kingdom | 0.5 | 0.3 | 0.5 | 0.9 | 21.6% |
China | 1.8 | 1.5 | 2.4 | 0.7 | -27.0% |
Italy | 0.2 | 0.4 | 0.3 | 0.6 | 44.2% |
Japan | 0.8 | 0.6 | 0.4 | 0.6 | -9.1% |
South Korea | 0.9 | 0.6 | 0.9 | 0.5 | -17.8% |
Others | 7.9 | 6.2 | 7.4 | 6.4 | -6.8% |
Total | 27.2 | 29.3 | 31.8 | 32.6 | 6.2% |
Top Export Markets for Instruments for Measuring Electrical Quantities from Canada in 2022:
- United States (901.7K units)
- Germany (49.2K units)
- Mexico (46.9K units)
- United Kingdom (38.4K units)
- Japan (28.9K units)
- China (28.3K units)
- Italy (25.1K units)
- South Korea (20.7K units)
This report provides an in-depth analysis of the market for instruments for measuring electrical quantities 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 26514310 - Multimeters
- Prodcom 26514330 - Electronic instruments and apparatus for measuring or checking voltage, current, resistance or electrical power, w ithout recording device (excluding multimeters, and oscilloscopes and oscillographs)
- Prodcom 26514355 - Voltmeters
- Prodcom 26514359 - Non-electronic instruments and apparatus, for measuring or checking voltage, current, resistance or power, without a recording device (excluding multimeters, voltmeters)
- Prodcom 26514300 -
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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During the review period, the imports of Multimeters reached their highest point in June 2022 with 99K units. However, from July 2022 to June 2023, imports failed to regain momentum. In terms of value, the imports of Multimeters soared to $1.6M in June 2023.
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During the review period, the imports of Multimeters reached their highest point in June 2022 with 99K units. However, from July 2022 to June 2023, imports failed to regain momentum. In terms of value, the imports of Multimeters soared to $1.6M in June 2023.
Explore the top import markets for telecommunications instruments and key statistics. Discover the leading countries and their import values according to the IndexBox market intelligence platform.