Canada: Electronic Chip Market 2024

Electronic Chip Market Size in Canada

The Canadian electronic chip market shrank to $X in 2023, declining by X% against the previous year. In general, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Electronic Chip Production in Canada

In value terms, electronic chip production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

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Electronic Chip Exports

Exports from Canada

In 2023, exports of electronic chips from Canada soared to X units, growing by X% on 2022. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, electronic chip exports declined dramatically to $X in 2023. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electronic chip exports from Canada, with a X% share of total exports. Moreover, electronic chip exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), sixfold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the United States ($X) remains the key foreign market for electronic chips exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average electronic chip export price stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the export price, however, showed a notable expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, 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 Singapore ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Canada

In 2023, supplies from abroad of electronic chips decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, electronic chip imports declined significantly to $X in 2023. In general, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Malaysia (X units) and Thailand (X units) were the main suppliers of electronic chip imports to Canada, with a combined X% share of total imports. Taiwan (Chinese), the Philippines, Germany, the United States, Japan and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Malaysia ($X) and the United States ($X) constituted the largest electronic chip suppliers to Canada, together accounting for X% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average electronic chip import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform