Canada: Accumulator Market 2024

Accumulator Market Size in Canada

The Canadian accumulator market rose markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption showed buoyant growth. Accumulator consumption peaked in 2022 and is expected to retain growth in years to come.

Accumulator Production in Canada

In value terms, accumulator production expanded notably to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Accumulator production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Accumulator Exports

Exports from Canada

Accumulator exports from Canada contracted to X units in 2022, reducing by X% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, accumulator exports rose markedly to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for accumulator exports from Canada, accounting for a X% share of total exports. Moreover, accumulator exports to the United States exceeded the volume sent to the second major destination, France (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric accumulators exports from Canada, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

Export Prices by Country

The average accumulator export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the UK ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Accumulator Imports

Imports into Canada

In 2022, purchases abroad of electric accumulators increased by X% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, accumulator imports soared to $X in 2022. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of accumulator imports to Canada, with a combined X% share of total imports. South Korea, Vietnam, Taiwan (Chinese) and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electric accumulators to Canada, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

The average accumulator import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price 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, accumulator import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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