Canada - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultimeter Price in Canada - 2023
Contents:
- Multimeter Price in Canada (CIF) - 2023
- Multimeter Price in Canada (FOB) - 2022
- Multimeter Imports in Canada
- Multimeter Exports in Canada
Multimeter Price in Canada (CIF) - 2023
The average multimeter import price stood at $37.5 per unit in June 2023, waning by -25% against the previous month. Over the period under review, the import price, however, showed a measured expansion. The most prominent rate of growth was recorded in March 2023 an increase of 92% against the previous month. As a result, import price reached the peak level of $76.5 per unit. From April 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($169 per unit), while the price for China ($19.1 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 (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Multimeter Price in Canada (FOB) - 2022
In 2022, the average multimeter export price amounted to $62 per unit, which is down by -10.7% against the previous year. In general, the export price recorded a mild contraction. The growth pace was the most rapid in 2021 an increase of 34% against the previous year. The export price peaked at $70 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Cuba ($62 per unit) and Norway ($62 per unit), while the average price for exports to Thailand ($62 per unit) and South Korea ($62 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.8%), while the prices for the other major destinations experienced a decline.
Multimeter Imports in Canada
In 2022, after three years of growth, there was significant decline in supplies from abroad of multimeters, when their volume decreased by -8% to 535K units. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of 581K units, and then contracted in the following year.
In value terms, multimeter imports reduced dramatically to $21M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60%. As a result, imports attained the peak of $25M, and then shrank markedly in the following year.
Import of Multimeter in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.6 | 6.0 | 7.9 | 7.7 | 5.3% |
United States | 4.7 | 4.6 | 6.0 | 6.0 | 8.5% |
Malaysia | 1.1 | 1.3 | 2.2 | 3.2 | 42.8% |
South Korea | 0.8 | 0.6 | 0.6 | 1.2 | 14.5% |
Taiwan (Chinese) | 0.7 | 0.5 | 0.7 | 0.6 | -5.0% |
Germany | 0.6 | 0.9 | 0.4 | 0.5 | -5.9% |
United Kingdom | 0.3 | 0.2 | 0.1 | 0.4 | 10.1% |
Singapore | 0.6 | 0.4 | 0.2 | 0.2 | -30.7% |
Japan | 0.1 | 0.1 | 5.8 | 0.2 | 26.0% |
Others | 0.6 | 0.8 | 0.8 | 0.7 | 5.3% |
Total | 16.3 | 15.4 | 24.7 | 20.7 | 8.3% |
Top Suppliers of Multimeter to Canada in 2022:
- China (198.3K units)
- United States (155.5K units)
- Malaysia (82.8K units)
- South Korea (29.8K units)
- Taiwan (Chinese) (15.6K units)
- Germany (12.2K units)
- United Kingdom (11.5K units)
- Singapore (5.0K units)
- Japan (5.0K units)
Multimeter Exports in Canada
In 2022, overseas shipments of multimeters were finally on the rise to reach 42K units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, multimeter exports skyrocketed to $2.6M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Multimeter in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,133 | 918 | 1,097 | 1,153 | 0.6% |
Cuba | 18.4 | 66.8 | 28.5 | 218 | 128.0% |
Switzerland | 118 | 132 | 153 | 180 | 15.1% |
China | 104 | 24.4 | 25.9 | 168 | 17.3% |
South Korea | 7.7 | 26.1 | 15.5 | 104 | 138.1% |
Germany | 51.5 | 29.5 | 58.3 | 74.4 | 13.0% |
Ireland | 3.2 | 2.6 | 0.6 | 70.2 | 179.9% |
Norway | 12.0 | 3.2 | 7.1 | 60.2 | 71.2% |
Australia | 51.8 | 6.8 | 44.3 | 48.3 | -2.3% |
India | 30.5 | 26.0 | 30.7 | 46.8 | 15.3% |
Poland | N/A | 9.3 | 3.5 | 43.4 | 116.0% |
Denmark | N/A | 1.9 | 0.4 | 40.7 | 362.8% |
Thailand | 34.9 | 7.1 | 6.3 | 39.1 | 3.9% |
Others | 474 | 474 | 732 | 338 | -10.7% |
Total | 2,038 | 1,727 | 2,202 | 2,584 | 8.2% |
Top Export Markets for Multimeter from Canada in 2022:
- United States (18.7K units)
- Cuba (3.5K units)
- Switzerland (2.9K units)
- China (2.7K units)
- South Korea (1.7K units)
- Germany (1.2K units)
- Ireland (1.1K units)
- Norway (1.0K units)
- Australia (0.8K units)
- India (0.8K units)
- Denmark (0.7K units)
- Poland (0.7K units)
- Thailand (0.6K units)
This report provides an in-depth analysis of the multimeter 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 26514310 - Multimeters
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.
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.
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.