Canada: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Canada

The Canadian metal flexible tubing market rose significantly to $X in 2022, increasing by X% against the previous year. Overall, consumption enjoyed a resilient expansion. Metal flexible tubing consumption peaked in 2022 and is expected to retain growth in the immediate term.

Metal Flexible Tubing Production in Canada

In value terms, metal flexible tubing production reached $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Metal flexible tubing production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Metal Flexible Tubing Exports

Exports from Canada

In 2022, shipments abroad of iron or steel flexible tubing increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal flexible tubing exports skyrocketed to $X in 2022. Overall, exports posted a measured expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for metal flexible tubing exports from Canada, accounting for a X% share of total exports. It was followed by Poland (X tons), with a X% share of total exports. The Dominican Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Dominican Republic (X% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel flexible tubing exports from Canada, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per ton) and Madagascar ($X per ton), while the average price for exports to Poland ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports into Canada

In 2022, imports of iron or steel flexible tubing into Canada amounted to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal flexible tubing imports rose significantly to $X in 2022. Overall, imports, however, showed a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of metal flexible tubing to Canada, accounting for a X% share of total imports. Moreover, metal flexible tubing imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the United States ($X) constituted the largest supplier of iron or steel flexible tubing to Canada, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

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

Import Prices by Country

The average metal flexible tubing import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :