Canada: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Canada

The Canadian market for electrical transformers with liquid dielectric, of power handling capacity under X kVA reached $X in 2023, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Consumption of peaked in 2023 and is likely to see steady growth in years to come.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Canada

In 2023, approx. X units of electrical transformers with liquid dielectric, of power handling capacity under X kVA were exported from Canada; with an increase of X% on the year before. In general, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA contracted to $X in 2023. Overall, exports, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Canada, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to the United States exceeded the volume sent to the second major destination, China (X units), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity under X kVA exports from Canada, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

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

Export Prices by Country

In 2023, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per unit in 2022, and then dropped significantly in the following year.

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

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Canada

After two years of growth, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity under X kVA decreased by X% to X units in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2022, and then declined markedly in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA soared to $X in 2023. In general, total imports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Canada, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA suppliers to Canada were the United States ($X), China ($X) and Mexico ($X), with a combined X% share of total imports. Germany, India, Vietnam and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA increased by X% against 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform