Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,164 per ton in 2022, increasing by 37% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses increased by +247.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 121% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Malaysia ($3,750 per ton), while the price for South Korea ($1,467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,646 per ton in 2022, picking up by 48% against the previous year. Over the period under review, the export price showed tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($2,719 per ton) and China ($2,123 per ton), while the average price for exports to India ($2,074 per ton) and Cuba ($2,113 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+121.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada
In 2022, after two years of decline, there was significant growth in overseas purchases of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, when their volume increased by 11% to 14K tons. Overall, imports, however, showed a dramatic downturn.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses surged to $30M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.0 | 4.4 | 9.5 | 10.1 | 36.2% |
| United States | 6.8 | 6.3 | 2.7 | 9.8 | 13.0% |
| Malaysia | N/A | 0.7 | 1.1 | 3.0 | 107.0% |
| Vietnam | 0.2 | 1.0 | 1.5 | 2.9 | 143.8% |
| China | 5.4 | 2.5 | 2.0 | 1.8 | -30.7% |
| India | 0.4 | 0.4 | 0.9 | 0.8 | 26.0% |
| Mexico | 0.9 | 0.8 | 0.6 | 0.7 | -8.0% |
| Others | 1.0 | 1.2 | 1.1 | 0.7 | -11.2% |
| Total | 18.7 | 17.3 | 19.6 | 29.8 | 16.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Canada in 2022:
- South Korea (6.9K tons)
- United States (3.0K tons)
- Vietnam (1.4K tons)
- China (0.9K tons)
- Malaysia (0.8K tons)
- India (0.4K tons)
- Mexico (0.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -53.1% to 630 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 62%. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses dropped dramatically to $1.7M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 57%.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 581 | 783 | 1,309 | 1,513 | 37.6% |
| China | 139 | 114 | 105 | 104 | -9.2% |
| Cuba | 0.7 | 9.9 | 16.9 | 27.2 | 238.7% |
| Mexico | 0.2 | N/A | 289 | 13.0 | 302.1% |
| India | N/A | 87.1 | N/A | 6.0 | -73.8% |
| Vietnam | 8.5 | 16.6 | 113 | 1.0 | -51.0% |
| Spain | 593 | 276 | 99.4 | N/A | -59.1% |
| Germany | N/A | 483 | 247 | N/A | -48.9% |
| Others | 9.1 | 322 | 212 | 3.0 | -30.9% |
| Total | 1,332 | 2,092 | 2,392 | 1,667 | 7.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Canada in 2022:
- United States (556.4 tons)
- China (48.9 tons)
- Cuba (12.9 tons)
- Mexico (6.1 tons)
- India (2.9 tons)
- Vietnam (0.5 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Canada.
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