Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada (FOB) - 2024
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,144 per ton in January 2024, with an increase of 2.6% against the previous month. In general, the import price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in May 2023 an increase of 225% m-o-m. As a result, import price reached the peak level of $7,728 per ton. From June 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($3,375 per ton), while the price for Turkey ($887 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada (FOB) - 2024
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $1,762 per ton in January 2024, which is down by -1.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 87% m-o-m. As a result, the export price reached the peak level of $3,261 per ton. From June 2023 to January 2024, the the average 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 February 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -0.6% per month.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada
Imports of steel alloy wire of materials other than silico-manganese steels into Canada soared to 47K tons in 2022, picking up by 121% compared with the year before. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 132%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels soared to $56M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.6 | 9.2 | 13.8 | 16.7 | 12.9% |
| South Korea | 14.7 | 9.9 | 11.2 | 14.3 | -0.9% |
| Italy | 3.2 | 3.0 | 3.6 | 7.2 | 31.0% |
| China | 2.0 | 3.2 | 5.1 | 4.6 | 32.0% |
| Turkey | N/A | 1.0 | 4.0 | 4.5 | 112.1% |
| Japan | 2.5 | 2.0 | 5.7 | 4.2 | 18.9% |
| India | N/A | 0.1 | 0.4 | 2.5 | 400.0% |
| Others | 4.1 | 3.3 | 1.6 | 2.3 | -17.5% |
| Total | 38.2 | 31.5 | 45.5 | 56.2 | 13.7% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Canada in 2022:
- South Korea (11.4K tons)
- United States (9.5K tons)
- Turkey (6.8K tons)
- Italy (6.2K tons)
- China (5.6K tons)
- Japan (3.5K tons)
- India (3.1K tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada
After three years of growth, overseas shipments of steel alloy wire of materials other than silico-manganese steels decreased by -28.2% to 21K tons in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels shrank to $42M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 67%.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.5 | 30.8 | 44.3 | 41.2 | 30.6% |
| Others | 0.2 | 0.4 | 0.3 | 0.9 | 65.1% |
| Total | 18.7 | 31.2 | 44.6 | 42.1 | 31.1% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Canada in 2022:
- United States (20.9K tons)
444
This report provides an in-depth analysis of the market for iron and steel wire in Canada.
246
This report provides an in-depth analysis of the market for iron and steel wire in Canada.
1978
This report provides an in-depth analysis of the global market for iron and steel wire.
601
This report provides an in-depth analysis of the global market for iron and steel wire.
865
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1530
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1066
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1257
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
694
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
957
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3568
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
778
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
295
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
262
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
