Report Update: Apr 1, 2024

Canada - Base Metal Flexible Tubing, Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Base Metal Flexible Tubing in Canada - 2023

Price for Base Metal Flexible Tubing in Canada (FOB) - 2022

The average base metal flexible tubing export price stood at $19,287 per ton in 2022, waning by -27.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 34%. Over the period under review, the average export prices attained the peak figure at $26,723 per ton in 2021, and then dropped dramatically in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($19,191 per ton), while the average price for exports to the United States totaled $19,188 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.1%).

Price for Base Metal Flexible Tubing in Canada (CIF) - 2023

In June 2023, the average base metal flexible tubing import price amounted to $12,899 per ton, which is down by -19.7% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 28% month-to-month. Over the period under review, average import prices reached the maximum at $21,937 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($32,151 per ton), while the price for China ($2,964 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Base Metal Flexible Tubing in Canada

In 2022, exports of base metal flexible tubing, iron or steel from Canada soared to 868 tons, surging by 137% compared with the previous year. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal flexible tubing exports soared to $17M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Base Metal Flexible Tubing in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.5	8.0	9.0	15.1	26.3%
Mexico	0.1	0.1	0.2	0.3	44.2%
Others	1.0	0.6	0.6	1.3	9.1%
Total	8.5	8.7	9.8	16.7	25.2%

Top Export Markets for Base Metal Flexible Tubing from Canada in 2022:

United States (788.2 tons)
Mexico (14.4 tons)

Imports of Base Metal Flexible Tubing in Canada

In 2022, imports of base metal flexible tubing, iron or steel into Canada expanded notably to 739 tons, increasing by 15% on the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, base metal flexible tubing imports surged to $11M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Base Metal Flexible Tubing in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.9	6.8	5.5	6.3	8.7%
China	1.6	0.9	1.0	1.3	-6.7%
Vietnam	0.4	1.0	0.4	0.6	14.5%
Germany	0.1	0.2	0.4	0.5	71.0%
Mexico	0.2	0.2	0.3	0.4	26.0%
India	0.2	0.1	0.4	0.4	26.0%
South Korea	N/A	N/A	0.2	0.2	0.0%
Others	0.5	0.9	0.9	1.1	30.1%
Total	8.0	10.0	9.0	10.8	10.5%

Top Suppliers of Base Metal Flexible Tubing to Canada in 2022:

United States (374.4 tons)
China (132.2 tons)
India (53.8 tons)
Vietnam (52.6 tons)
South Korea (25.4 tons)
Mexico (23.2 tons)
Germany (21.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for base metal flexible tubing 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 25992985 - Base metal flexible tubing excluding rubber tubing incorporating/fitted with external metallic reinforcements, f lexible tubing (form of machinery/vehicle parts), iron or 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023