Alloy Steel Powders Price in Canada - 2023

Alloy Steel Powders Price in Canada (FOB) - 2023

In June 2023, the average alloy steel powders export price amounted to $1,877 per ton, increasing by 5.6% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $2,000 per ton in August 2022; however, from September 2022 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($2,093 per ton), while the average price for exports to South Africa ($953 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Alloy Steel Powders Price in Canada (CIF) - 2022

In 2022, the average alloy steel powders import price amounted to $1,247 per ton, dropping by -9.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 117%. The import price peaked at $3,976 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,063 per ton), while the price for Sweden ($334 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Alloy Steel Powders Exports in Canada

For the fourth consecutive year, Canada recorded growth in overseas shipments of alloy steel powderses, which increased by 8.5% to 51K tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, alloy steel powders exports skyrocketed to $92M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Alloy Steel Powders in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	40.6	34.2	48.3	60.7	14.3%
Spain	N/A	4.5	7.5	10.3	51.3%
Germany	N/A	1.4	3.2	4.9	87.1%
Mexico	N/A	1.8	3.2	4.5	58.1%
South Korea	N/A	1.4	5.1	2.5	33.6%
India	N/A	0.4	1.7	1.8	112.1%
Belgium	N/A	1.3	1.6	1.6	10.9%
Others	N/A	1.9	6.1	6.2	80.6%
Total	40.6	46.9	76.7	92.5	31.6%

Top Export Markets for Alloy Steel Powders from Canada in 2022:

United States (31.7K tons)
Spain (5.4K tons)
Mexico (4.0K tons)
Germany (3.0K tons)
India (1.2K tons)
South Korea (1.2K tons)
Belgium (1.0K tons)

Alloy Steel Powders Imports in Canada

In 2022, the amount of alloy steel powderses imported into Canada soared to 4.1K tons, picking up by 62% on the previous year. In general, imports recorded a pronounced increase. The pace of growth was the most pronounced in 2021 when imports increased by 88% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, alloy steel powders imports skyrocketed to $5.1M in 2022. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 127%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Alloy Steel Powders in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	977	785	1,519	1,974	26.4%
South Korea	N/A	27.8	46.6	1,188	553.7%
Germany	31.4	9.0	88.4	911	207.3%
France	14.3	74.9	302	386	200.0%
Austria	25.3	96.0	339	318	132.5%
China	300	126	473	211	-11.1%
Sweden	5.8	56.9	7.4	43.3	95.4%
Brazil	32.9	205	457	21.4	-13.4%
Netherlands	1,466	5.4	9.6	N/A	-91.9%
Others	122	146	227	34.2	-34.6%
Total	2,975	1,531	3,469	5,087	19.6%