Price for Safety Pins and Other Pins; of Iron or Steel in Canada - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Canada (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Canada (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Canada
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Canada

Price for Safety Pins and Other Pins; of Iron or Steel in Canada (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $11,179 per ton in 2022, falling by -5.8% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for safety pins and other pins; of iron or steels decreased by -30.2% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 32%. The import price peaked at $16,007 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($11,181 per ton) and Malaysia ($11,180 per ton), while the price for Italy ($11,179 per ton) and China ($11,179 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Canada (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $45,217 per ton, increasing by 35% against the previous year. In general, the export price saw significant growth. The pace of growth appeared the most rapid in 2021 an increase of 77%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bermuda ($55,952 per ton), while the average price for exports to Austria ($22,194 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bermuda (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety Pins and Other Pins; of Iron or Steel in Canada

In 2022, the amount of safety pins and other pins; of iron or steels imported into Canada soared to 620 tons, with an increase of 17% on the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of safety pins and other pins; of iron or steels rose notably to $6.9M in 2022. Over the period under review, imports, however, recorded a noticeable slump.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Canada in 2022:

1. China (215.9 tons)
2. United States (201.0 tons)
3. Japan (99.8 tons)
4. India (29.4 tons)
5. Taiwan (Chinese) (21.2 tons)
6. Italy (9.6 tons)
7. Turkey (0.1 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Canada

In 2022, approx. 12 tons of safety pins and other pins; of iron or steels were exported from Canada; waning by -31.8% on the year before. Overall, exports showed a dramatic shrinkage.

In value terms, exports of safety pins and other pins; of iron or steels shrank to $541K in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Canada in 2022:

1. United States (5010.0 kg)
2. Mexico (3475.0 kg)
3. Austria (805.0 kg)
4. Bermuda (419.0 kg)
5. India (307.0 kg)
6. Philippines (214.0 kg)
7. Russia (198.0 kg)
8. Colombia (184.0 kg)
9. Saudi Arabia (153.0 kg)
10. United Kingdom (128.0 kg)
11. Australia (89.0 kg)

Source: IndexBox Market Intelligence Platform