Canada: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Canada

In 2022, the Canadian non-malleable cast iron articles market increased by 16% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a relatively flat trend pattern. Non-malleable cast iron articles consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Articles Of Non-Malleable Cast Iron in Canada

In value terms, non-malleable cast iron articles production fell to $X in 2022 estimated in export price. In general, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Canada

In 2022, exports of articles of non-malleable cast iron from Canada shrank remarkably to X tons, waning by -45.2% against the previous year. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 13%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports dropped rapidly to $X in 2022. In general, exports saw a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for non-malleable cast iron articles exports from Canada, accounting for a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -7.1%.

In value terms, the United States ($X) also remains the key foreign market for articles of non-malleable cast iron exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, rising by 28% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by +54.0% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.5% per year.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Canada

In 2022, non-malleable cast iron articles imports into Canada skyrocketed to X tons, growing by 33% compared with 2021 figures. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-malleable cast iron articles imports skyrocketed to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

India (X tons), the United States (X tons) and China (X tons) were the main suppliers of non-malleable cast iron articles imports to Canada, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +10.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), India ($X) and China ($X) appeared to be the largest non-malleable cast iron articles suppliers to Canada, together comprising 97% of total imports.

India, with a CAGR of +12.8%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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