Canada: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Canada

The Canadian iron or steel can market rose markedly to $X in 2021, increasing by 13% 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). In general, consumption posted buoyant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Iron or Steel Cans

Exports from Canada

In 2021, shipments abroad of iron or steel cans decreased by -7.6% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 689% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, iron or steel can exports rose sharply to $X in 2021. In general, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 754% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for iron or steel can 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 amounted to +10.6%.

In value terms, the United States ($X) also remains the key foreign market for iron or steel cans exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +10.5%.

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, rising by 14% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 -0.1% per year.

Imports of Iron or Steel Cans

Imports into Canada

In 2021, approx. X units of iron or steel cans were imported into Canada; growing by 3% compared with the previous year's figure. Over the period under review, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 42%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, iron or steel can imports expanded sharply to $X in 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X units) was the main iron or steel can supplier to Canada, with a 92% share of total imports. Moreover, iron or steel can imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.4% per year) and Denmark (+278.6% per year).

In value terms, the United States ($X) constituted the largest supplier of iron or steel cans to Canada, comprising 92% of total imports. The second position in the ranking was held by China ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.7% per year) and Denmark (+276.5% per year).

Import Prices by Country

The average iron or steel can import price stood at $X per unit in 2021, picking up by 10% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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