Report Update Nov 1, 2024

Canada - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Pig Iron Market 2022

Pig Iron Market Size in Canada

After two years of decline, the Canadian pig iron market increased by 5.1% to $X in 2021. Overall, consumption, however, recorded a pronounced descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Pig Iron Production in Canada

In value terms, pig iron production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Pig Iron Exports

Exports from Canada

In 2021, shipments abroad of pig iron and spiegeleisen increased by 17% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 185% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, pig iron exports soared to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 98%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for pig iron exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +8.1%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +12.2%.

Export Prices by Country

In 2021, the average pig iron export price amounted to $X per ton, jumping by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 +3.7% per year.

Pig Iron Imports

Imports into Canada

In 2021, supplies from abroad of pig iron and spiegeleisen increased by 35% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 136%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, pig iron imports surged to $X in 2021. In general, imports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 156% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of pig iron to Canada, with a 65% share of total imports. Moreover, pig iron imports from Ukraine exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Brazil (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.1% per year) and Brazil (-12.5% per year).

In value terms, Ukraine ($X) constituted the largest supplier of pig iron to Canada, comprising 69% of total imports. The second position in the ranking was held by Brazil ($X), with a 17% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ukraine totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.9% per year) and the United States (+1.7% per year).

Import Prices by Country

In 2021, the average pig iron import price amounted to $X per ton, rising by 9.8% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pig iron import price increased by +69.7% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 55%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in the world?

China constituted the country with the largest volume of pig iron consumption, accounting for 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. South Korea ranked third in terms of total consumption with a 4.9% share.

What are the largest producers of pig iron and spiegeleisen in the world?

China remains the largest pig iron producing country worldwide, comprising approx. 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. South Korea ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of pig iron and spiegeleisen to Canada?

In value terms, Ukraine constituted the largest supplier of pig iron to Canada, comprising 69% of total imports. The second position in the ranking was occupied by Brazil, with a 17% share of total imports. It was followed by the United States, with a 12% share.

What are the leading importers of pig iron and spiegeleisen from Canada?

In value terms, the United States remains the key foreign market for pig iron exports from Canada.

What is the average export price for pig iron and spiegeleisen in Canada?

In 2021, the average pig iron export price amounted to $532 per ton, with an increase of 37% against the previous year.

What is the average import price for pig iron and spiegeleisen in Canada?

The average pig iron import price stood at $536 per ton in 2021, with an increase of 8.6% against the previous year.

This report provides an in-depth analysis of the pig iron market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023