Canada: Metal Link Chain Market 2024

Metal Link Chain Market Size in Canada

After two years of decline, the Canadian metal link chain market increased by 4.3% to $X in 2021. Overall, consumption, however, saw a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Metal Link Chain Production in Canada

In value terms, metal link chain production expanded significantly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Metal Link Chain Exports

Exports from Canada

In 2021, the amount of iron or steel articulated link chain exported from Canada amounted to X tons, remaining stable against the previous year. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 19%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for metal link chain exports from Canada, accounting for a 40% share of total exports. Moreover, metal link chain exports to the United States exceeded the volume sent to the second major destination, Finland (X tons), fourfold. Chile (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+23.2% per year) and Chile (+10.7% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel articulated link chain exports from Canada, comprising 68% of total exports. The second position in the ranking was held by Finland ($X), with a 6% share of total exports. It was followed by Chile, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+20.0% per year) and Chile (+8.1% per year).

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2021, surging by 19% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($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 (+4.0%), while the prices for the other major destinations experienced a decline.

Metal Link Chain Imports

Imports into Canada

In 2021, supplies from abroad of iron or steel articulated link chain increased by 1% to X tons, rising for the fourth year in a row after three years of decline. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 57% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, metal link chain imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Canada, with a 65% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.3% per year) and Finland (+6.3% per year).

In value terms, the largest metal link chain suppliers to Canada were the United States ($X), China ($X) and Germany ($X), together accounting for 76% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +6.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, picking up by 5.7% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 9.1% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :