Price for Electronic Integrated Circuits; Memories in Canada - 2023
Contents:
- Price for Electronic Integrated Circuits; Memories in Canada (CIF) - 2023
- Price for Electronic Integrated Circuits; Memories in Canada (FOB) - 2022
- Imports of Electronic Integrated Circuits; Memories in Canada
- Exports of Electronic Integrated Circuits; Memories in Canada
Price for Electronic Integrated Circuits; Memories in Canada (CIF) - 2023
The average electronic integrated circuits; memories import price stood at $2.8 per unit in June 2023, dropping by -31.1% against the previous month. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in March 2023 an increase of 21% m-o-m. Over the period under review, average import prices hit record highs at $7.5 per unit in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($11.1 per unit), while the price for Thailand ($515 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-3.6%), while the prices for the other major suppliers experienced a decline.
Price for Electronic Integrated Circuits; Memories in Canada (FOB) - 2022
The average electronic integrated circuits; memories export price stood at $1 per unit in 2022, dropping by -50.2% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. The export price peaked at $7.6 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3.3 per unit), while the average price for exports to the United States ($0.8 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 Hong Kong SAR (+2.6%), while the prices for the other major destinations experienced a decline.
Imports of Electronic Integrated Circuits; Memories in Canada
For the fourth year in a row, Canada recorded growth in overseas purchases of electronic integrated circuits, which increased by 7.6% to 40M units in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +47.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, electronic integrated circuits; memories imports soared to $220M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Electronic Integrated Circuits; Memories in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 45.0 | 30.4 | 65.9 | 86.0 | 24.1% |
| China | 19.0 | 21.7 | 53.0 | 52.3 | 40.1% |
| South Korea | 15.4 | 26.6 | 14.4 | 19.2 | 7.6% |
| Malaysia | 3.1 | 2.3 | 8.8 | 16.2 | 73.5% |
| Philippines | 7.5 | 6.8 | 9.8 | 12.1 | 17.3% |
| United States | 10.9 | 9.7 | 12.5 | 11.0 | 0.3% |
| Thailand | 8.6 | 5.3 | 7.3 | 10.1 | 5.5% |
| Singapore | 2.3 | 1.6 | 2.0 | 1.8 | -7.8% |
| Others | 4.9 | 5.7 | 9.9 | 11.7 | 33.7% |
| Total | 117 | 110 | 184 | 220 | 23.4% |
Top Suppliers of Electronic Integrated Circuits; Memories to Canada in 2022:
- Taiwan (Chinese) (15.2M units)
- China (7.1M units)
- Thailand (6.4M units)
- Philippines (5.9M units)
- Malaysia (2.1M units)
- United States (0.7M units)
- South Korea (0.7M units)
- Singapore (0.5M units)
Exports of Electronic Integrated Circuits; Memories in Canada
Electronic integrated circuits; memories exports from Canada surged to 45M units in 2022, jumping by 224% on 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, electronic integrated circuits; memories exports surged to $45M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Electronic Integrated Circuits; Memories in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 11.8 | 18.0 | 32.4 | 68.3% |
| Hong Kong SAR | 0.8 | 1.6 | 3.2 | 4.2 | 73.8% |
| Mexico | 0.5 | 0.2 | 0.1 | 2.4 | 68.7% |
| Others | 4.1 | 2.8 | 6.5 | 5.9 | 12.9% |
| Total | 12.2 | 16.5 | 27.8 | 44.9 | 54.4% |
Top Export Markets for Electronic Integrated Circuits; Memories from Canada in 2022:
- United States (41.1M units)
- Mexico (1.6M units)
- Hong Kong SAR (1.3M units)
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