Canada - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Canada - 2023
Contents:
- Thermostat Price in Canada (CIF) - 2023
- Thermostat Price in Canada (FOB) - 2023
- Thermostat Imports in Canada
- Thermostat Exports in Canada
Thermostat Price in Canada (CIF) - 2023
The average thermostat import price stood at $17.1 per unit in June 2023, dropping by -19.6% against the previous month. Over the period under review, import price indicated modest growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, thermostat import price decreased by -43.2% against March 2023 indices. The growth pace was the most rapid in March 2023 an increase of 39% against the previous month. As a result, import price reached the peak level of $30.1 per unit. From April 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($80.0 per unit), while the price for Hungary ($5.6 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 Japan (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in Canada (FOB) - 2023
In June 2023, the average thermostat export price amounted to $35.2 per unit, with a decrease of -20.7% against the previous month. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 119% m-o-m. The export price peaked at $72.2 per unit in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($34.6 per unit), while the average price for exports to Mexico amounted to $9.5 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.9%).
Thermostat Imports in Canada
In 2022, thermostat imports into Canada fell to 8.4M units, with a decrease of -2.1% compared with 2021. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of 8.6M units, and then dropped in the following year.
In value terms, thermostat imports expanded rapidly to $146M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Thermostat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 36.3 | 31.3 | 34.4 | 41.2 | 4.3% |
| China | 38.4 | 29.2 | 32.7 | 32.0 | -5.9% |
| Malaysia | 9.5 | 12.8 | 14.4 | 17.7 | 23.1% |
| United States | 16.4 | 14.9 | 15.3 | 16.5 | 0.2% |
| Taiwan (Chinese) | 19.1 | 15.5 | 12.6 | 10.1 | -19.1% |
| Israel | 1.3 | 1.3 | 2.1 | 5.1 | 57.7% |
| Japan | 0.6 | 2.2 | 4.6 | 4.5 | 95.7% |
| Hungary | 0.8 | 1.0 | 0.7 | 1.3 | 17.6% |
| Others | 10.2 | 10.5 | 14.1 | 17.5 | 19.7% |
| Total | 132 | 119 | 131 | 146 | 3.4% |
Top Suppliers of Thermostat to Canada in 2022:
- China (2226.5K units)
- Mexico (1794.6K units)
- United States (1630.0K units)
- Japan (971.6K units)
- Israel (569.7K units)
- Taiwan (Chinese) (236.7K units)
- Malaysia (235.3K units)
- Hungary (226.4K units)
Thermostat Exports in Canada
In 2022, the amount of thermostats exported from Canada skyrocketed to 1.2M units, growing by 49% on the previous year. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +62.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, thermostat exports skyrocketed to $63M in 2022. Over the period under review, exports saw a tangible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Thermostat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.1 | 32.9 | 31.2 | 57.6 | 4.1% |
| Mexico | 1.6 | 0.3 | 0.4 | 0.7 | -24.1% |
| Poland | 0.6 | 0.5 | 0.7 | 0.6 | 0.0% |
| China | 1.1 | 0.6 | 0.4 | 0.6 | -18.3% |
| Others | 3.9 | 2.6 | 2.4 | 3.7 | -1.7% |
| Total | 58.3 | 36.9 | 35.1 | 63.1 | 2.7% |
Top Export Markets for Thermostat from Canada in 2022:
- United States (1002.3K units)
- China (64.9K units)
- Mexico (39.7K units)
- Poland (21.2K units)
This report provides an in-depth analysis of the thermostat market 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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.
-
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
-
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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In February 2023, thermostat prices increased by 21% to $21.5 per unit when compared to the previous month (CIF, Canada).
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In February 2023, the manostat price amounted to $34.4 per unit (CIF, Canada), dropping by -17.2% against the previous month.
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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In February 2023, thermostat prices increased by 21% to $21.5 per unit when compared to the previous month (CIF, Canada).
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