Canada: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Canada

In 2020, the Canadian iron and steel wire market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Iron and steel wire consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Canada

In value terms, iron and steel wire production declined to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2019 to 2020, production growth remained at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Canada

After three years of decline, overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel) increased by X% to X tons in 2020. Overall, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, iron and steel wire exports totaled $X in 2020. In general, exports, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tons) was the main destination for iron and steel wire exports from Canada, with a X% share of total exports. Moreover, iron and steel wire exports to the U.S. exceeded the volume sent to the second major destination, New Zealand (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to -X%.

In value terms, the U.S. ($X) remains the key foreign market for iron and steel wire exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled -X%.

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, waning by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to New Zealand totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Canada

In 2020, iron and steel wire imports into Canada expanded markedly to X tons, growing by X% compared with 2019 figures. Over the period under review, imports, however, showed a slight shrinkage. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, iron and steel wire imports stood at $X in 2020. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the U.S. (X tons) and South Korea (X tons) were the main suppliers of iron and steel wire imports to Canada, with a combined X% share of total imports. These countries were followed by Italy, Spain, Turkey and Japan, which together accounted for a further X 2007 to 2020, the biggest increases were in Spain (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and South Korea ($X) were the largest iron and steel wire suppliers to Canada, with a combined X% share of total imports. Japan, Italy, Spain and Turkey lagged somewhat behind, together accounting for a further X terms of the main suppliers, Spain (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, falling by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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