Canada: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Canada

The Canadian hot-dipped metal-coated sheet market soared to $X in 2021, growing by 15% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Hot-Dipped Metal-Coated Sheet Production in Canada

In value terms, hot-dipped metal-coated sheet production expanded modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 53%. Hot-dipped metal-coated sheet production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Canada

In 2021, shipments abroad of hot-dipped metal-coated sheet was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 16%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, hot-dipped metal-coated sheet exports soared to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for hot-dipped metal-coated sheet exports from Canada, accounting for a 96% share of total exports. It was followed by Mexico (X tons), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-11.8% per year) and Bangladesh (-8.3% per year).

In value terms, the United States ($X) remains the key foreign market for hot-dipped metal-coated sheet exports from Canada, comprising 97% of total exports. The second position in the ranking was taken by Mexico ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-12.7% per year) and Bangladesh (-9.1% per year).

Export Prices by Country

In 2021, the average hot-dipped metal-coated sheet export price amounted to $X per ton, with an increase of 36% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.1%), while the prices for the other major destinations experienced a decline.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Canada

In 2021, supplies from abroad of hot-dipped metal-coated sheet increased by 53% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-dipped metal-coated sheet imports soared to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of hot-dipped metal-coated sheet to Canada, with a 44% share of total imports. Moreover, hot-dipped metal-coated sheet imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by Vietnam (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.3% per year) and Vietnam (+91.1% per year).

In value terms, the United States ($X) constituted the largest supplier of hot-dipped metal-coated sheet to Canada, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 7.6% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.0% per year) and Italy (+63.9% per year).

Import Prices by Country

In 2021, the average hot-dipped metal-coated sheet import price amounted to $X per ton, rising by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, import price attained 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 2021, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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