Canada: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Canada

After two years of growth, the Canadian metal link chain parts market decreased by -13.3% to $X in 2021. In general, consumption continues to indicate a perceptible contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Canada

In 2021, shipments abroad of iron or steel parts of articulated link chain decreased by -17.1% to X tons, falling for the third consecutive year after four years of growth. Overall, exports, however, posted noticeable growth. The growth pace was the most rapid in 2015 when exports increased by 69%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain parts exports shrank to $X in 2021. Over the period under review, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 82%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for metal link chain parts exports from Canada, with a 83% share of total exports. Moreover, metal link chain parts exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. The third position in this ranking was taken by Australia (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+25.6% per year) and Australia (+35.2% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Canada, comprising 89% of total exports. The second position in the ranking was held by Russia ($X), with a 2.1% share of total exports. It was followed by Australia, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+18.2% per year) and Australia (+24.0% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 70%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Canada

After four years of growth, purchases abroad of iron or steel parts of articulated link chain decreased by -21.8% to X tons in 2021. In general, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 79%. Over the period under review, imports hit record highs at X tons in 2020, and then declined sharply in the following year.

In value terms, metal link chain parts imports shrank slightly to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 21%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of metal link chain parts imports to Canada, with a combined 89% share of total imports. Germany, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further 8.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +78.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts suppliers to Canada were the United States ($X), China ($X) and Japan ($X), with a combined 81% share of total imports. France, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, France, with a CAGR of +93.2%, recorded the highest rates of growth with regard to 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 parts import price stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 73%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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