
Canada - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
Metal Spring Washer Price in Canada Hits New Record of $7,163 per Ton
Canada Metal Spring Washer Import Price in September 2022
In September 2022, the metal spring washer price amounted to $7,163 per ton (CIF, Canada), rising by 23% against the previous month. Overall, the import price saw a significant expansion. The pace of growth was the most pronounced in February 2022 when the average import price increased by 602% m-o-m. Over the period under review, average import prices reached the peak figure in September 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($23,602 per ton), while the price for Japan ($1,605 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+69.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Canada Metal Spring Washer Imports
In September 2022, the amount of iron or steel spring washers imported into Canada declined slightly to 282 tons, reducing by -4.8% on the previous month. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in July 2022 with an increase of 67% against the previous month. Over the period under review, imports attained the peak figure at 1.6K tons in January 2022; however, from February 2022 to September 2022, imports remained at a lower figure.
In value terms, metal spring washer imports skyrocketed to $2M (IndexBox estimates) in September 2022. The total import value increased at an average monthly rate of +3.8% from January 2022 to September 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in July 2022 with an increase of 48% against the previous month. Imports peaked in September 2022.
Canada Metal Spring Washer Imports by Country
China (109 tons), the United States (83 tons) and Japan (27 tons) were the main suppliers of metal spring washer imports to Canada, with a combined 77% share of total imports.
From January 2022 to September 2022, the biggest increases were in China (with a CAGR of +6.3%), while purchases for the other leaders experienced a decline.
In value terms, the United States ($710K), China ($468K) and Sweden ($227K) were the largest metal spring washer suppliers to Canada, together accounting for 69% of total imports.
China, with a CAGR of +14.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the metal spring washer 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.
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