Canada: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in Canada

In 2021, the Canadian metal non-electric bell market increased by 14% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Non-Electric Bell Production in Canada

In value terms, metal non-electric bell production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 110%. Metal non-electric bell production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Metal Non-Electric Bell Exports

Exports from Canada

In 2021, shipments abroad of non-electric bells and gongs of base metal was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 379% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal non-electric bell exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 643% against the previous year. 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 non-electric bell exports from Canada, with a 87% share of total exports. It was followed by Japan (X kg), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-20.2% per year) and Germany (-12.3% per year).

In value terms, the United States ($X) remains the key foreign market for non-electric bells and gongs of base metal exports from Canada, comprising 87% of total exports. The second position in the ranking was held by Japan ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-13.7% per year) and Germany (-5.1% per year).

Export Prices by Country

The average metal non-electric bell export price stood at $X per ton in 2021, increasing by 37% against the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 55%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($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 Germany (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports into Canada

In 2021, the amount of non-electric bells and gongs of base metal imported into Canada surged to X tons, rising by 19% on 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 26% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal non-electric bell imports soared 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 throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest metal non-electric bell supplier to Canada, accounting for a 71% share of total imports. Moreover, metal non-electric bell imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.5% per year) and Taiwan (Chinese) (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of non-electric bells and gongs of base metal to Canada, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and Taiwan (Chinese) (+4.1% per year).

Import Prices by Country

In 2021, the average metal non-electric bell import price amounted to $X per ton, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 an increase of 37% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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