Canada - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDecline in Canadian Iron Angle Imports to $50M in September 2023
Canada Iron Angle Imports
Iron angle imports into Canada contracted dramatically to 45K tons in September 2023, declining by -24.3% on August 2023 figures. In general, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in April 2023 with an increase of 56% against the previous month.
In value terms, iron angle imports declined rapidly to $50M (IndexBox estimates) in September 2023. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in April 2023 with an increase of 27% month-to-month.
| COUNTRY | Import Value of Iron Angle in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| United States | 32.6 | 29.7 | 29.4 | 22.8 | 34.0 | 30.7 | 33.4 | 32.5 | 32.2 | 32.2 | 29.6 | 27.7 | 25.3 |
| South Korea | 35.6 | 13.2 | 28.1 | 16.1 | 4.5 | 3.0 | < 0.1 | 7.9 | 13.5 | 9.8 | 2.7 | 11.1 | 12.3 |
| Luxembourg | 4.0 | 4.0 | 1.7 | 1.3 | 5.6 | 0.5 | 0.4 | 4.2 | 3.1 | 6.7 | 4.8 | 2.9 | 8.4 |
| Mexico | 1.3 | 0.2 | 0.9 | 0.8 | 3.0 | 3.3 | 4.0 | 3.7 | 2.8 | 1.7 | 1.0 | 2.6 | 1.3 |
| Taiwan (Chinese) | 0.8 | 1.3 | 1.3 | 2.0 | 1.3 | 0.3 | 3.2 | 0.4 | 0.2 | 2.2 | 0.3 | 0.1 | 0.6 |
| Spain | N/A | 1.4 | 1.6 | 3.1 | 0.9 | 0.1 | N/A | 14.7 | 2.2 | 5.2 | 8.2 | 0.5 | 0.5 |
| Others | 19.2 | 12.3 | 4.2 | 10.5 | 0.7 | 18.3 | 9.8 | 1.2 | 22.7 | 4.1 | 6.4 | 18.8 | 1.7 |
| Total | 93.4 | 62.0 | 67.3 | 56.6 | 50.0 | 56.1 | 50.7 | 64.6 | 76.6 | 62.0 | 53.1 | 63.7 | 50.2 |
Imports by Country
The United States (21K tons), South Korea (15K tons) and Luxembourg (6.5K tons) were the main suppliers of iron angle imports to Canada, with a combined 92% share of total imports.
From September 2022 to September 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +6.9%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the United States ($25M) constituted the largest supplier of iron angle to Canada, comprising 50% of total imports. The second position in the ranking was held by South Korea ($12M), with a 25% share of total imports. It was followed by Luxembourg, with a 17% share.
From September 2022 to September 2023, the average monthly growth rate of value from the United States amounted to -2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-8.4% per month) and Luxembourg (+6.4% per month).
Imports by Type
In September 2023, h-sections of of non-alloy steel (34K tons) constituted the largest type of iron angle supplied to Canada, with a 76% share of total imports. Moreover, h-sections of of non-alloy steel exceeded the figures recorded for the second-largest type, u-sections of non-alloy steel (3.2K tons), more than tenfold. The third position in this ranking was held by i-sections of non-alloy steel (2.8K tons), with a 6.3% share.
From September 2022 to September 2023, the average monthly growth rate of the volume of import of h-sections of of non-alloy steel stood at -4.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: u-sections of non-alloy steel (-1.7% per month) and i-sections of non-alloy steel (-6.7% per month).
In value terms, h-sections of of non-alloy steel ($37M) constituted the largest type of iron angle supplied to Canada, comprising 73% of total imports. The second position in the ranking was held by u-sections of non-alloy steel ($4M), with a 7.9% share of total imports. It was followed by i-sections of non-alloy steel, with a 5.8% share.
Import Prices by Country
In September 2023, the iron angle price stood at $1,105 per ton (CIF, Canada), surging by 4.1% against the previous month. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in December 2022 when the average import price increased by 19% m-o-m. Over the period under review, average import prices reached the maximum at $1,343 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($2,293 per ton), while the price for Taiwan (Chinese) ($800 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 the UK (+5.2%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the iron angle 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy steel
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
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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
