Price for Electronic Integrated Circuits and Microassemblies in Canada - 2023

Contents:

1. Price for Electronic Integrated Circuits and Microassemblies in Canada (CIF) - 2022
2. Price for Electronic Integrated Circuits and Microassemblies in Canada (FOB) - 2022
3. Imports of Electronic Integrated Circuits and Microassemblies in Canada
4. Exports of Electronic Integrated Circuits and Microassemblies in Canada

Price for Electronic Integrated Circuits and Microassemblies in Canada (CIF) - 2022

In 2022, the average import price for electronic integrated circuits and microassemblieses amounted to $11 per unit, stabilizing at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 10% against the previous year. The import price peaked at $11 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($11 per unit) and Thailand ($11 per unit), while the price for Costa Rica ($11 per unit) and Singapore ($11 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electronic Integrated Circuits and Microassemblies in Canada (FOB) - 2022

In 2022, the average export price for electronic integrated circuits and microassemblieses amounted to $27 per unit, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 9.2% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($62 per unit), while the average price for exports to Singapore ($26 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 Mexico (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Integrated Circuits and Microassemblies in Canada

Electronic integrated circuits and microassemblies imports into Canada skyrocketed to 245M units in 2022, increasing by 33% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +66.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic integrated circuits and microassemblies imports soared to $2.6B in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +65.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electronic Integrated Circuits and Microassemblies to Canada in 2022:

1. Taiwan (Chinese) (59.9M units)
2. Malaysia (39.8M units)
3. China (37.1M units)
4. United States (28.1M units)
5. South Korea (18.3M units)
6. Thailand (16.9M units)
7. Philippines (16.8M units)
8. Germany (4.5M units)

Exports of Electronic Integrated Circuits and Microassemblies in Canada

In 2022, the amount of electronic integrated circuits and microassemblieses exported from Canada surged to 43M units, increasing by 26% on the year before. Over the period under review, exports, however, showed a mild decrease. The exports peaked at 45M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electronic integrated circuits and microassemblies exports skyrocketed to $1.2B in 2022. Overall, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.1% 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 +52.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electronic Integrated Circuits and Microassemblies from Canada in 2022:

1. United States (20.0M units)
2. Singapore (4.2M units)
3. Hong Kong SAR (3.8M units)
4. Netherlands (3.0M units)
5. Taiwan (Chinese) (2.5M units)
6. China (2.4M units)
7. Thailand (1.2M units)
8. Mexico (0.5M units)

Source: IndexBox Market Intelligence Platform