Canada - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Canada - 2023
Contents:
- Winding Wire Price in Canada (CIF) - 2023
- Winding Wire Price in Canada (FOB) - 2023
- Winding Wire Imports in Canada
- Winding Wire Exports in Canada
Winding Wire Price in Canada (CIF) - 2023
The average winding wire import price stood at $10,075 per ton in September 2023, declining by -11.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 16% month-to-month. As a result, import price reached the peak level of $11,350 per ton, and then reduced in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($10,812 per ton), while the price for Austria ($5,840 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Winding Wire Price in Canada (FOB) - 2023
In September 2023, the average winding wire export price amounted to $12,358 per ton, leveling off at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in March 2023 an increase of 23% against the previous month. Over the period under review, the average export prices attained the peak figure at $13,287 per ton in May 2023; however, from June 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was the United States ($12,588 per ton), while the average price for exports to Denmark ($8,131 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Imports in Canada
For the third consecutive year, Canada recorded decline in overseas purchases of winding wire for electrical purposes, which decreased by -6.4% to 9.1K tons in 2022. Overall, imports recorded a abrupt contraction. The smallest decline of -1% was in 2021.
In value terms, winding wire imports expanded slightly to $96M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Winding Wire in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 61.0 | 54.4 | 72.0 | 72.5 | 5.9% |
China | 5.0 | 6.4 | 6.6 | 9.8 | 25.1% |
Mexico | 1.8 | 1.0 | 3.3 | 6.7 | 55.0% |
Austria | 4.3 | 2.4 | 1.6 | 2.1 | -21.3% |
India | 0.3 | 0.3 | 1.1 | 1.4 | 67.1% |
Brazil | 7.5 | 5.4 | 6.7 | 0.1 | -76.3% |
Others | 5.6 | 2.4 | 2.6 | 3.4 | -15.3% |
Total | 85.5 | 72.2 | 93.9 | 96.0 | 3.9% |
Top Suppliers of Winding Wire to Canada in 2022:
- Brazil (undefinedK tons)
- United States (6.5K tons)
- China (1.3K tons)
- Mexico (0.8K tons)
- India (0.2K tons)
- Austria (0.2K tons)
Winding Wire Exports in Canada
For the fourth consecutive year, Canada recorded growth in shipments abroad of winding wire for electrical purposes, which increased by 14% to 6.5K tons in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, winding wire exports stood at $71M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 64%. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Winding Wire in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 35.7 | 38.7 | 64.0 | 67.0 | 23.3% |
Belgium | N/A | N/A | 0.1 | 1.6 | 1500.0% |
Others | 2.5 | 2.2 | 3.1 | 2.1 | -5.6% |
Total | 38.2 | 41.0 | 67.3 | 70.7 | 22.8% |
Top Export Markets for Winding Wire from Canada in 2022:
- United States (6.2K tons)
- Belgium (0.1K tons)
This report provides an in-depth analysis of the winding wire market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27321100 - Winding wire for electrical purposes
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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