Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,821 per ton, which is down by -2.1% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 5.7% month-to-month. The export price peaked at $1,983 per ton in February 2023; however, from March 2023 to January 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -0.9% per month.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $773 per ton, shrinking by -42.9% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of 207%. The import price peaked at $1,352 per ton in 2021, and then declined markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,607 per ton), while the price for China ($524 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada
In 2022, exports of iron or non-alloy steel wire, not plated or coateds from Canada contracted sharply to 54K tons, dropping by -21% against the year before. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds rose modestly to $107M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.7% 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 +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 85.4 | 67.8 | 99.6 | 105 | 7.1% |
| Others | 2.7 | 2.1 | 2.3 | 2.0 | -9.5% |
| Total | 88.1 | 69.9 | 102 | 107 | 6.7% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Canada in 2022:
- United States (52.3K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada
In 2022, imports of iron or non-alloy steel wire, not plated or coateds into Canada surged to 83K tons, growing by 125% against the year before. Overall, imports, however, continue to indicate a slight descent.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds soared to $64M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.4 | 10.2 | 11.8 | 15.1 | 17.1% |
| China | 4.9 | 4.8 | 8.6 | 8.7 | 21.1% |
| South Korea | 2.3 | 3.2 | 5.2 | 7.0 | 44.9% |
| Turkey | 0.6 | 1.1 | 4.5 | 6.4 | 120.1% |
| Italy | 2.5 | 3.3 | 5.4 | 6.1 | 34.6% |
| Spain | 0.7 | 1.2 | 2.1 | 5.3 | 96.4% |
| Portugal | 1.8 | 0.8 | 3.4 | 3.5 | 24.8% |
| Others | 9.8 | 7.8 | 9.0 | 12.0 | 7.0% |
| Total | 31.9 | 32.6 | 50.0 | 64.2 | 26.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Canada in 2022:
- China (16.7K tons)
- United States (15.3K tons)
- Turkey (10.8K tons)
- Spain (9.1K tons)
- Italy (7.6K tons)
- South Korea (6.2K tons)
- Portugal (5.8K tons)
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