Canada: Market for Wire Rod Of Free-Cutting Steel 2025

Market Size for Wire Rod Of Free-Cutting Steel in Canada

In 2022, the Canadian free-cutting steel wire rod market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a abrupt downturn. Free-cutting steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Wire Rod Of Free-Cutting Steel

Exports from Canada

In 2022, the amount of wire rod of free-cutting steel exported from Canada skyrocketed to X tons, growing by X% against the year before. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, free-cutting steel wire rod exports contracted to $X in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

India (X tons) was the main destination for free-cutting steel wire rod exports from Canada, with a X% share of total exports. Moreover, free-cutting steel wire rod exports to India exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%.

In value terms, India ($X) and the United States ($X) constituted the largest markets for free-cutting steel wire rod exported from Canada worldwide.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average free-cutting steel wire rod export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Imports of Wire Rod Of Free-Cutting Steel

Imports into Canada

Free-cutting steel wire rod imports into Canada shrank to X tons in 2022, falling by X% on the previous year. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, free-cutting steel wire rod imports reached $X in 2022. In general, imports recorded a pronounced downturn. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of free-cutting steel wire rod imports to Canada, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest free-cutting steel wire rod suppliers to Canada were Germany ($X), the United States ($X) and Spain ($X), together comprising X% of total imports.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, free-cutting steel wire rod import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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