Canada: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Canada

The Canadian electrical board and console market declined to $X in 2022, falling by X% against the previous year. Overall, consumption, however, saw a tangible increase. Electrical board and console consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Canada

In value terms, electrical board and console production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Electrical board and console production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Canada

In 2022, shipments abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports continue to indicate tangible growth. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical board and console exports totaled $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for electrical board and console exports from Canada, with a X% share of total exports. It was followed by Norway (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) remains the key foreign market for boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

In 2022, the average electrical board and console export price amounted to $X per unit, waning by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

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

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

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Canada

In 2022, after two years of decline, there was significant growth in purchases abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, when their volume increased by X% to X units. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electrical board and console imports expanded remarkably to $X in 2022. In general, imports, however, showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of electrical board and console to Canada, with a X% share of total imports. Moreover, electrical board and console imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), sevenfold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

In value terms, the United States ($X) constituted the largest supplier of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v to Canada, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

Import Prices by Country

The average electrical board and console import price stood at $X per unit in 2022, flattening at the previous year. In general, the import price showed a slight decline. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X 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 highest price was recorded for prices from Switzerland ($X per unit) and Mexico ($X per unit), while the price for Norway ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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