Report Update Nov 1, 2024

Canada - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Hot-Rolled Free-Cutting Steel Market 2024

Hot-Rolled Free-Cutting Steel Market Size in Canada

The Canadian hot-rolled free-cutting steel market surged to $X in 2021, increasing by 662% against the previous year. Over the period under review, consumption showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hot-Rolled Free-Cutting Steel Production in Canada

In value terms, hot-rolled free-cutting steel production skyrocketed to $X in 2021 estimated in export price. In general, production posted a tangible expansion. The pace of growth was the most pronounced in 2017 with an increase of 128% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Hot-Rolled Free-Cutting Steel Exports

Exports from Canada

In 2021, shipments abroad of hot-rolled bars in free-cutting steels increased by 36% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a mild increase. The pace of growth appeared the most rapid in 2017 when exports increased by 109% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, hot-rolled free-cutting steel exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 134% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for hot-rolled free-cutting steel exports from Canada, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +1.2%.

In value terms, the United States ($X) also remains the key foreign market for hot-rolled bars in free-cutting steels exports from Canada.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average hot-rolled free-cutting steel export price amounted to $X per ton, rising by 25% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -0.2% per year.

Hot-Rolled Free-Cutting Steel Imports

Imports into Canada

In 2021, supplies from abroad of hot-rolled bars in free-cutting steels increased by 114% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a slight downturn. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hot-rolled free-cutting steel imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hot-rolled free-cutting steel imports to Canada, with a combined 79% share of total imports. Germany, South Korea and China lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +110.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Turkey ($X) were the largest hot-rolled free-cutting steel suppliers to Canada, together accounting for 81% of total imports. These countries were followed by Taiwan (Chinese), South Korea and China, which together accounted for a further 18%.

South Korea, with a CAGR of +89.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average hot-rolled free-cutting steel import price amounted to $X per ton, picking up by 32% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. 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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were the UK, Japan and Italy, with a combined 48% share of global consumption. Taiwan Chinese), France, Switzerland, the United States, Argentina, India, Algeria, Bahrain and Turkey lagged somewhat behind, together accounting for a further 38%.

What are the largest producers of hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were the UK, Japan and Taiwan Chinese), with a combined 45% share of global production. Switzerland, France, Saudi Arabia, the United Arab Emirates, Spain, Argentina, Italy, India and Germany lagged somewhat behind, together comprising a further 46%.

What are the leading suppliers of hot-rolled bars in free-cutting steels to Canada?

In value terms, the largest hot-rolled free-cutting steel suppliers to Canada were the United States, Taiwan Chinese) and Germany, together accounting for 98% of total imports.

What are the leading importers of hot-rolled bars in free-cutting steels from Canada?

In value terms, the United States remains the key foreign market for hot-rolled free-cutting steel exports from Canada.

What is the average export price for hot-rolled bars in free-cutting steels in Canada?

In 2020, the average hot-rolled free-cutting steel export price amounted to $775 per ton, approximately equating the previous year.

What is the average import price for hot-rolled bars in free-cutting steels in Canada?

In 2020, the average hot-rolled free-cutting steel import price amounted to $747 per ton, with a decrease of -4.5% against the previous year.

This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 24106230 - Hot-rolled bars in free-cutting steels

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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