Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada - 2024

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada (FOB) - 2024
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada (CIF) - 2024
3. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada
4. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada (FOB) - 2024

In June 2023, the average export price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $1,748 per ton, increasing by 6.7% against the previous month. Over the period from January 2023 to June 2023, it increased at an average monthly rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Belgium ($1,983 per ton), while the average price for exports to India ($1,204 per ton) was amongst the lowest.

From January 2023 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada (CIF) - 2024

The average import price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $1,839 per ton in June 2023, dropping by -5.5% against the previous month. In general, import price indicated a buoyant expansion from January 2023 to June 2023: its price increased at an average monthly rate of +5.4% over the last five months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, import price for granules and powders, of pig iron, spiegeleisen, iron or steels increased by +74.5% against March 2023 indices. The pace of growth appeared the most rapid in April 2023 an increase of 97% against the previous month. Over the period under review, average import prices hit record highs at $2,098 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,578 per ton), while the price for France ($687 per ton) was amongst the lowest.

From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced a decline.

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada

In 2022, approx. 90K tons of granules and powders, of pig iron, spiegeleisen, iron or steels were exported from Canada; increasing by 5.9% on 2021 figures. The total export volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels soared to $149M in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 58%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from Canada in 2022:

1. United States (67.9K tons)
2. Mexico (6.9K tons)
3. Spain (5.4K tons)
4. Germany (3.0K tons)

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Canada

For the third year in a row, Canada recorded decline in purchases abroad of granules and powders, of pig iron, spiegeleisen, iron or steels, which decreased by -18.1% to 23K tons in 2022. Over the period under review, imports faced a dramatic contraction.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels declined to $44M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $45M, and then shrank slightly in the following year.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to Canada in 2022:

1. United States (14.7K tons)
2. South Korea (2.0K tons)
3. China (1.8K tons)
4. Germany (1.4K tons)
5. France (0.9K tons)
6. Turkey (0.6K tons)
7. Sweden (0.6K tons)