Price for Steel Alloy Wire of Silico-Manganese Steel in Canada - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Canada (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Canada (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Canada
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Canada
Price for Steel Alloy Wire of Silico-Manganese Steel in Canada (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,988 per ton in 2022, surging by 16% against the previous year. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 37%. As a result, import price reached the peak level of $3,279 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,058 per ton), while the price for India ($1,402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Canada (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $2,144 per ton in 2022, picking up by 30% against the previous year. Over the period under review, the export price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2016 an increase of 37% against the previous year. The export price peaked at $2,481 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($2,537 per ton), while the average price for exports to the United States ($2,128 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 India (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Canada
In 2022, after three years of growth, there was significant decline in supplies from abroad of steel alloy wire of silico-manganese steels, when their volume decreased by -8% to 7.1K tons. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year. As a result, imports reached the peak of 7.7K tons, and then dropped in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels expanded notably to $14M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 112% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 2.3 | 5.7 | 5.4 | 17.8% |
| United States | 0.5 | 1.2 | 1.8 | 2.1 | 61.3% |
| South Korea | 0.2 | 0.4 | 2.3 | 2.1 | 119.0% |
| Italy | 0.9 | 0.6 | 1.0 | 1.8 | 26.0% |
| Mexico | 0.4 | 1.6 | 1.9 | 1.7 | 62.0% |
| Vietnam | N/A | N/A | 0.1 | 0.6 | 500.0% |
| India | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.2 | 0.1 | 0.4 | 0.1 | -20.6% |
| Total | 5.5 | 6.2 | 13.2 | 14.2 | 37.2% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Canada in 2022:
- China (3434.9 tons)
- Italy (806.9 tons)
- Mexico (760.5 tons)
- South Korea (735.0 tons)
- United States (684.6 tons)
- Vietnam (400.5 tons)
- India (282.3 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Canada
In 2022, after three years of growth, there was significant decline in shipments abroad of steel alloy wire of silico-manganese steels, when their volume decreased by -23.3% to 3K tons. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 63% against the previous year. As a result, the exports reached the peak of 3.9K tons, and then contracted significantly in the following year.
In value terms, exports of steel alloy wire of silico-manganese steels declined to $6.4M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, the exports reached the peak of $6.4M, leveling off in the following year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 3.5 | 6.3 | 6.1 | 38.4% |
| Mexico | 0.3 | 0.1 | 0.1 | 0.3 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.6 | 3.6 | 6.4 | 6.4 | 35.0% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Canada in 2022:
- United States (2851.1 tons)
- Mexico (110.9 tons)
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