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Canada - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Canada - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Canada (FOB) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Canada (CIF) - 2022
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Canada
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Canada
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Canada (FOB) - 2023
In June 2023, the average export price for hot-rolled non-alloy steel wire rods amounted to $1,176 per ton, surging by 2.3% against the previous month. In general, the export price, however, recorded a slight slump. The growth pace was the most rapid in January 2023 when the average export price increased by 5.5% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,418 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for India amounted to +0.6% per month.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Canada (CIF) - 2022
The average import price for hot-rolled non-alloy steel wire rods stood at $969 per ton in 2022, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 when the average import price increased by 36%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 the United States ($1,320 per ton), while the price for Vietnam ($783 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Canada
In 2022, shipments abroad of hot-rolled non-alloy steel wire rods decreased by -10.3% to 249K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 278K tons, and then dropped in the following year.
In value terms, hot-rolled non-alloy steel wire rod exports reached $320M in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 74%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Hot-Rolled Non-Alloy Steel Wire Rod in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 167 | 166 | 290 | 319 | 24.1% |
Others | 0.3 | 0.2 | 0.4 | 1.1 | 54.2% |
Total | 167 | 166 | 290 | 320 | 24.2% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Canada in 2022:
- United States (246.9K tons)
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Canada
For the fourth consecutive year, Canada recorded growth in supplies from abroad of hot-rolled non-alloy steel wire rods, which increased by 4.5% to 324K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.1% 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 +77.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, hot-rolled non-alloy steel wire rod imports soared to $314M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Hot-Rolled Non-Alloy Steel Wire Rod in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 55.3 | 33.3 | 49.4 | 87.5 | 16.5% |
Vietnam | N/A | 12.3 | 70.6 | 61.8 | 124.2% |
United States | 28.3 | 36.1 | 59.7 | 50.1 | 21.0% |
Turkey | 0.8 | 2.2 | 31.6 | 36.0 | 255.7% |
Mexico | 12.8 | 38.7 | 16.6 | 25.6 | 26.0% |
Egypt | 5.7 | N/A | 8.4 | 21.4 | 55.4% |
China | 9.6 | 0.4 | 11.8 | 19.3 | 26.2% |
Malaysia | 22.5 | 9.5 | N/A | N/A | -57.8% |
Others | 9.7 | 14.6 | 17.2 | 12.8 | 9.7% |
Total | 145 | 147 | 265 | 314 | 29.4% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Canada in 2022:
- Malaysia (undefinedK tons)
- Vietnam (78.9K tons)
- Germany (74.4K tons)
- Turkey (43.2K tons)
- United States (37.9K tons)
- Mexico (26.8K tons)
- Egypt (26.2K tons)
- China (22.9K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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