Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada (CIF) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada (CIF) - 2023
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $5,344 per ton in October 2023, jumping by 88% against the previous month. Overall, import price indicated a mild expansion from December 2022 to October 2023: its price increased at an average monthly rate of +1.5% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +87.5% against September 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was India ($15,527 per ton), while the price for Japan ($578 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $13,225 per ton, with a decrease of -14.2% against the previous year. In general, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2017 an increase of 12%. As a result, the export price reached the peak level of $18,412 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($13,168 per ton) and Poland ($13,168 per ton), while the average price for exports to France ($13,167 per ton) and Germany ($13,167 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada
In 2022, the amount of iron or steel; non-threaded cotters and cotter-pinses imported into Canada expanded significantly to 7.5K tons, growing by 7% against the previous year's figure. Overall, imports, however, showed a drastic downturn.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $30M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.2% 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 +54.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.3 | 11.7 | 14.1 | 17.1 | 8.7% |
| China | 3.3 | 2.7 | 4.2 | 5.0 | 14.9% |
| Japan | 1.2 | 1.0 | 1.0 | 1.0 | -5.9% |
| Germany | 0.6 | 0.7 | 0.8 | 1.0 | 18.6% |
| India | 0.4 | 0.3 | 0.6 | 0.9 | 31.0% |
| Taiwan (Chinese) | 0.6 | 0.4 | 0.4 | 0.7 | 5.3% |
| South Korea | 0.7 | 0.5 | 0.2 | 0.3 | -24.6% |
| Others | 3.1 | 2.1 | 3.3 | 4.2 | 10.7% |
| Total | 23.1 | 19.5 | 24.6 | 30.1 | 9.2% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Canada in 2022:
- United States (3555.6 tons)
- Japan (2008.5 tons)
- China (778.6 tons)
- India (158.8 tons)
- Germany (155.7 tons)
- Taiwan (Chinese) (139.5 tons)
- South Korea (117.0 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada
In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from Canada soared to 404 tons, picking up by 22% against the year before. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses reached $5.3M in 2022. The total export value increased at an average annual rate of +6.4% 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 30%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,553 | 2,774 | 3,491 | 3,544 | 11.6% |
| Australia | 214 | 186 | 242 | 304 | 12.4% |
| Germany | 82.5 | 60.5 | 93.4 | 128 | 15.8% |
| Peru | 22.7 | 30.7 | 94.9 | 108 | 68.2% |
| Brazil | 175 | 53.4 | 62.6 | 94.7 | -18.5% |
| South Africa | 61.6 | 21.9 | 44.8 | 94.2 | 15.2% |
| Mexico | 60.3 | 128 | 49.1 | 87.5 | 13.2% |
| Poland | 109 | 42.2 | 99.9 | 87.5 | -7.1% |
| Algeria | 22.3 | 2.1 | 99.3 | 85.7 | 56.6% |
| France | 71.8 | 34.3 | 27.4 | 82.9 | 4.9% |
| New Zealand | 99.1 | 44.0 | 49.3 | 80.4 | -6.7% |
| Singapore | 174 | 43.6 | 42.7 | 59.9 | -29.9% |
| Others | 789 | 521 | 723 | 585 | -9.5% |
| Total | 4,434 | 3,942 | 5,119 | 5,342 | 6.4% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Canada in 2022:
- United States (269.1 tons)
- Australia (23.1 tons)
- Germany (9.8 tons)
- Peru (8.2 tons)
- Brazil (7.2 tons)
- South Africa (7.2 tons)
- Mexico (6.6 tons)
- Poland (6.6 tons)
- Algeria (6.5 tons)
- France (6.3 tons)
- New Zealand (6.1 tons)
- Singapore (4.6 tons)
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