Canada: Copper Chain Market 2024

Copper Chain Market Size in Canada

The Canadian copper chain market dropped to $X in 2022, which is down by -2.5% 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 temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Copper Chain Exports

Exports from Canada

Copper chain exports from Canada fell rapidly to X kg in 2022, which is down by -23.4% compared with the previous year's figure. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 416%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper chain exports surged to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for copper chain exports from Canada, accounting for a 68% share of total exports. Moreover, copper chain exports to the United States exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.5% per year) and Belgium (+27.1% per year).

In value terms, the United States ($X) remains the key foreign market for chain and parts thereof of copper exports from Canada, comprising 98% of total exports. The second position in the ranking was held by Germany ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.1% per year) and Belgium (+20.1% per year).

Export Prices by Country

In 2022, the average copper chain export price amounted to $X per ton, picking up by 466% against the previous year. Over the period under review, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+15.6%), while the prices for the other major destinations experienced a decline.

Copper Chain Imports

Imports into Canada

In 2022, copper chain imports into Canada fell modestly to X tons, which is down by -3.3% on 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, copper chain imports declined slightly to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +2.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 86%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and India (X tons) were the main suppliers of copper chain imports to Canada, with a combined 93% share of total imports. Germany lagged somewhat behind, comprising a further 2.4%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +4.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of chain and parts thereof of copper to Canada, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by India, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and India (+0.3% per year).

Import Prices by Country

The average copper chain import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper chain import price decreased by -18.7% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 31%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :