Canada: Stranded Wire Market 2025

Stranded Wire Market Size in Canada

In 2021, the Canadian stranded wire market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Stranded Wire Production in Canada

In value terms, stranded wire production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. Stranded wire production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stranded Wire Exports

Exports from Canada

In 2021, overseas shipments of stranded wire, ropes and cables decreased by -11% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, stranded wire exports shrank to $X in 2021. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for stranded wire exports from Canada, accounting for a 92% share of total exports. Moreover, stranded wire exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Peru (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.3% per year) and Peru (-7.2% per year).

In value terms, the United States ($X) remains the key foreign market for stranded wire, ropes and cables exports from Canada, comprising 86% of total exports. The second position in the ranking was held by China ($X), with a 7.2% share of total exports. It was followed by Peru, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+17.7% per year) and Peru (-6.4% per year).

Export Prices by Country

In 2021, the average stranded wire export price amounted to $X per ton, increasing by 6.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 9% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 Chile (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Canada

In 2021, supplies from abroad of stranded wire, ropes and cables was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 204% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, stranded wire imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of stranded wire imports to Canada, together comprising 83% of total imports. These countries were followed by Thailand, Portugal, Romania and South Korea, which together accounted for a further 9.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +296.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of stranded wire, ropes and cables to Canada, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Turkey, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.9% per year) and Turkey (+9.4% per year).

Import Prices by Country

In 2021, the average stranded wire import price amounted to $X per ton, surging by 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 172%. 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 the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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