Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,658 per ton, falling by -2.1% against the previous month. Overall, the export price recorded a mild contraction. The pace of growth was the most pronounced in August 2023 when the average export price increased by 9.1% month-to-month. The export price peaked at $2,040 per ton in February 2023; however, from March 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In January 2024, the country with the highest price was New Zealand ($1,833 per ton), while the average price for exports to the United States stood at $1,662 per ton.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-0.3%).
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,545 per ton, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2015 when the average import price increased by 22%. As a result, import price attained the peak level of $1,578 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 Germany ($3,214 per ton), while the price for China ($1,176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or non-alloy steel wire, plated or coated with zincs, when their volume decreased by -19.2% to 59K tons. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 32%.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs stood at $129M in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 68%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 48.2 | 65.4 | 114 | 120 | 35.5% |
| New Zealand | 6.5 | 6.5 | 7.7 | 8.5 | 9.4% |
| Others | 2.5 | 0.9 | 0.6 | 0.7 | -34.6% |
| Total | 57.1 | 72.8 | 122 | 129 | 31.2% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Canada in 2022:
- United States (53.9K tons)
- New Zealand (4.5K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada
In 2022, imports of iron or non-alloy steel wire, plated or coated with zincs into Canada skyrocketed to 47K tons, increasing by 18% against the previous year's figure. The total import volume increased at an average annual rate of +12.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $72M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.3% 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 +82.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.7 | 18.0 | 26.0 | 28.4 | 13.0% |
| United States | 6.1 | 6.3 | 5.7 | 10.2 | 18.7% |
| Turkey | 0.1 | 1.8 | 4.0 | 9.6 | 357.9% |
| Spain | 3.0 | 3.8 | 3.9 | 5.6 | 23.1% |
| France | 0.3 | 0.7 | 1.5 | 4.1 | 139.1% |
| Germany | 0.2 | 0.3 | 0.9 | 3.0 | 146.6% |
| South Korea | 2.3 | 2.7 | 2.2 | 1.8 | -7.8% |
| Malaysia | 0.2 | 1.4 | 0.6 | 0.1 | -20.6% |
| Others | 7.5 | 8.2 | 8.0 | 9.4 | 7.8% |
| Total | 39.5 | 43.3 | 52.7 | 72.2 | 22.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Canada in 2022:
- China (24.1K tons)
- Turkey (6.8K tons)
- United States (4.4K tons)
- Spain (3.3K tons)
- France (1.9K tons)
- Germany (0.9K tons)
- South Korea (0.8K tons)
- Malaysia (0.1K tons)
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