Canada: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Canada

The Canadian market for tubes, pipes and hollow profiles (of iron or steel) dropped to $X in 2021, shrinking by -2.7% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2021: its value 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, consumption increased by +31.1% against 2017 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Canada

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) fell remarkably to $X in 2021 estimated in export price. Overall, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 747% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth remained at a somewhat lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Canada

In 2021, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 34%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. Over the period under review, exports, however, showed a noticeable reduction. 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 exports of tubes, pipes and hollow profiles (of iron or steel) from Canada, with a 98% share of total exports. It was followed by Mexico (X tons), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -5.2%.

In value terms, the United States ($X) remains the key foreign market for tubes, pipes and hollow profiles (of iron or steel) exports from Canada, comprising 96% of total exports. The second position in the ranking was held by Mexico ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -2.8%.

Export Prices by Country

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, increasing by 61% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.8%).

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Canada

Imports of tubes, pipes and hollow profiles (of iron or steel) into Canada totaled X tons in 2021, picking up by 5.2% compared with 2020 figures. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 40%. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. In general, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 54%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of iron or steel pipe and tube to Canada, accounting for a 35% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.4% per year) and Turkey (+5.1% per year).

In value terms, the United States ($X) constituted the largest supplier of tubes, pipes and hollow profiles (of iron or steel) to Canada, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Mexico, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.1% per year) and Mexico (-9.4% per year).

Import Prices by Country

In 2021, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, growing by 27% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($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 Arab Emirates (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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