Canada: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Canada

The Canadian stainless steel household articles market amounted to $X in 2022, surging by 4.2% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +100.2% against 2017 indices. Stainless steel household articles consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Canada

In value terms, stainless steel household articles production rose rapidly to $X in 2022 estimated in export price. In general, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 509% against the previous year. Stainless steel household articles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Canada

In 2022, shipments abroad of table, kitchen or household articles and parts of stainless steel increased by 21% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2014 when exports increased by 23% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stainless steel household articles exports stood at $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for stainless steel household articles exports from Canada, with a approx. 93% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -2.3%.

In value terms, the United States ($X) also remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, reducing by -10.5% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles export price increased by +5.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 18%. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.1% per year.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Canada

In 2022, stainless steel household articles imports into Canada surged to X units, increasing by 35% on 2021 figures. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel household articles imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stainless steel household articles to Canada, accounting for a 72% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.3% per year) and the United States (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Canada, comprising 73% of total imports. The second position in the ranking was taken by India ($X), with a 7.7% share of total imports. It was followed by the United States, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.3% per year) and the United States (+1.0% per year).

Import Prices by Country

In 2022, the average stainless steel household articles import price amounted to $X per unit, dropping by -19.8% against the previous year. Over the period under review, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 6.4% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 Taiwan (Chinese) ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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