Plugs and Socket Price in Canada - 2024
Contents:
- Plugs and Socket Price in Canada (CIF) - 2022
- Plugs and Socket Price in Canada (FOB) - 2022
- Plugs and Socket Imports in Canada
- Plugs and Socket Exports in Canada
Plugs and Socket Price in Canada (CIF) - 2022
The average plugs and socket import price stood at $0.8 per unit in 2022, growing by 6.1% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plugs and socket import price increased by +65.2% against 2014 indices. The pace of growth was the most pronounced in 2018 an increase of 12%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($0.8 per unit) and the United States ($0.8 per unit), while the price for Malaysia ($0.8 per unit) and Switzerland ($0.8 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Canada (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.6 per unit, dropping by -3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 14%. As a result, the export price attained the peak level of $0.6 per unit, and then dropped slightly in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($0.6 per unit) and Mexico ($0.6 per unit), while the average price for exports to Singapore ($0.6 per unit) and South Korea ($0.6 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 Russia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Canada
In 2022, approx. 642M units of electrical plugs and sockets for under 1000 v were imported into Canada; with an increase of 7.2% on 2021 figures. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, plugs and socket imports rose notably to $487M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Plugs and Socket in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 158 | 132 | 151 | 173 | 3.1% |
| China | 88.7 | 91.0 | 115 | 122 | 11.2% |
| Mexico | 44.3 | 40.2 | 45.8 | 55.2 | 7.6% |
| Taiwan (Chinese) | 17.0 | 15.2 | 18.8 | 22.9 | 10.4% |
| Germany | 17.9 | 14.0 | 18.4 | 22.0 | 7.1% |
| Japan | 8.2 | 6.9 | 9.3 | 11.8 | 12.9% |
| Malaysia | 6.8 | 6.6 | 10.7 | 11.2 | 18.1% |
| Malta | 8.0 | 7.4 | 10.5 | 6.9 | -4.8% |
| Others | 41.5 | 36.7 | 48.2 | 62.1 | 14.4% |
| Total | 391 | 350 | 428 | 487 | 7.6% |
Top Suppliers of Plugs and Socket to Canada in 2022:
- United States (227.8M units)
- China (160.7M units)
- Mexico (72.8M units)
- Taiwan (Chinese) (30.2M units)
- Germany (29.0M units)
- Japan (15.6M units)
- Malaysia (14.8M units)
- Malta (9.1M units)
Plugs and Socket Exports in Canada
Plugs and socket exports from Canada shrank modestly to 123M units in 2022, reducing by -2.6% against the previous year. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports attained the peak of 126M units, and then contracted modestly in the following year.
In value terms, plugs and socket exports shrank to $77M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of $82M, and then contracted in the following year.
| Export of Plugs and Socket in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.2 | 33.4 | 51.6 | 46.0 | 11.5% |
| South Korea | 4.4 | 4.1 | 6.4 | 6.3 | 12.7% |
| China | 2.1 | 1.9 | 2.6 | 3.6 | 19.7% |
| Mexico | 2.7 | 2.0 | 2.7 | 3.3 | 6.9% |
| Hong Kong SAR | 1.6 | 1.5 | 1.7 | 2.9 | 21.9% |
| Germany | 1.8 | 1.3 | 2.2 | 2.2 | 6.9% |
| Singapore | 1.5 | 1.3 | 1.0 | 1.6 | 2.2% |
| Ireland | 0.9 | 1.1 | 1.6 | 1.2 | 10.1% |
| Russia | 1.2 | 1.5 | 1.6 | 0.5 | -25.3% |
| Others | 9.4 | 9.0 | 10.5 | 9.6 | 0.7% |
| Total | 58.8 | 57.1 | 81.9 | 77.2 | 9.5% |
Top Export Markets for Plugs and Socket from Canada in 2022:
- United States (73.3M units)
- South Korea (10.0M units)
- China (5.8M units)
- Mexico (5.2M units)
- Hong Kong SAR (4.5M units)
- Germany (3.6M units)
- Singapore (2.6M units)
- Ireland (1.9M units)
- Russia (0.9M units)
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