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Canada - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Dec 6, 2023

Decline in Canadian Iron Angle Imports to $50M in September 2023

Canada Iron Angle Imports

Iron angle imports into Canada contracted dramatically to 45K tons in September 2023, declining by -24.3% on August 2023 figures. In general, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in April 2023 with an increase of 56% against the previous month.

In value terms, iron angle imports declined rapidly to $50M (IndexBox estimates) in September 2023. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in April 2023 with an increase of 27% month-to-month.Canada Iron Angle Imports By Country (Million USD)

COUNTRYImport Value of Iron Angle in Canada (million USD)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023
United States32.629.729.422.834.030.733.432.532.232.229.627.725.3
South Korea35.613.228.116.14.53.0< 0.17.913.59.82.711.112.3
Luxembourg4.04.01.71.35.60.50.44.23.16.74.82.98.4
Mexico1.30.20.90.83.03.34.03.72.81.71.02.61.3
Taiwan (Chinese)0.81.31.32.01.30.33.20.40.22.20.30.10.6
SpainN/A1.41.63.10.90.1N/A14.72.25.28.20.50.5
Others19.212.34.210.50.718.39.81.222.74.16.418.81.7
Total93.462.067.356.650.056.150.764.676.662.053.163.750.2

Imports by Country

The United States (21K tons), South Korea (15K tons) and Luxembourg (6.5K tons) were the main suppliers of iron angle imports to Canada, with a combined 92% share of total imports.

From September 2022 to September 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +6.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($25M) constituted the largest supplier of iron angle to Canada, comprising 50% of total imports. The second position in the ranking was held by South Korea ($12M), with a 25% share of total imports. It was followed by Luxembourg, with a 17% share.

From September 2022 to September 2023, the average monthly growth rate of value from the United States amounted to -2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-8.4% per month) and Luxembourg (+6.4% per month).

Imports by Type

In September 2023, h-sections of of non-alloy steel (34K tons) constituted the largest type of iron angle supplied to Canada, with a 76% share of total imports. Moreover, h-sections of of non-alloy steel exceeded the figures recorded for the second-largest type, u-sections of non-alloy steel (3.2K tons), more than tenfold. The third position in this ranking was held by i-sections of non-alloy steel (2.8K tons), with a 6.3% share.

From September 2022 to September 2023, the average monthly growth rate of the volume of import of h-sections of of non-alloy steel stood at -4.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: u-sections of non-alloy steel (-1.7% per month) and i-sections of non-alloy steel (-6.7% per month).

In value terms, h-sections of of non-alloy steel ($37M) constituted the largest type of iron angle supplied to Canada, comprising 73% of total imports. The second position in the ranking was held by u-sections of non-alloy steel ($4M), with a 7.9% share of total imports. It was followed by i-sections of non-alloy steel, with a 5.8% share.

Import Prices by Country

In September 2023, the iron angle price stood at $1,105 per ton (CIF, Canada), surging by 4.1% against the previous month. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in December 2022 when the average import price increased by 19% m-o-m. Over the period under review, average import prices reached the maximum at $1,343 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($2,293 per ton), while the price for Taiwan (Chinese) ($800 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron angle 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
  • Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
  • Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
  • Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy steel

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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