Price for Chain and Parts Thereof, of Iron or Steel in Canada - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Canada (CIF) - 2024
- Price for Chain and Parts Thereof, of Iron or Steel in Canada (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Canada
- Exports of Chain and Parts Thereof, of Iron or Steel in Canada
Price for Chain and Parts Thereof, of Iron or Steel in Canada (CIF) - 2024
In January 2024, the average import price for chain and parts thereof, of iron or steel amounted to $5,541 per ton, approximately mirroring the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 29% m-o-m. Over the period under review, average import prices attained the peak figure at $6,490 per ton in November 2023; however, from December 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($14,645 per ton), while the price for China ($3,294 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Canada (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $5,735 per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 182% against the previous year. As a result, the export price attained the peak level of $17,227 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($7,640 per ton), while the average price for exports to Finland ($2,154 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 Norway (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chain and Parts Thereof, of Iron or Steel in Canada
In 2022, approx. 52K tons of chain and parts thereof, of iron or steel were imported into Canada; jumping by 23% compared with the previous year. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel surged to $268M 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.9 | 56.0 | 70.6 | 99.2 | 17.0% |
| United States | 75.5 | 65.9 | 69.0 | 83.8 | 3.5% |
| Japan | 14.1 | 10.9 | 13.9 | 19.4 | 11.2% |
| Germany | 10.2 | 10.8 | 12.1 | 13.5 | 9.8% |
| Taiwan (Chinese) | 8.2 | 7.0 | 8.8 | 10.5 | 8.6% |
| Lithuania | 4.5 | 3.0 | 4.7 | 7.0 | 15.9% |
| Norway | 3.3 | 1.9 | 2.8 | 3.4 | 1.0% |
| Others | 21.0 | 28.1 | 27.3 | 31.4 | 14.4% |
| Total | 199 | 184 | 209 | 268 | 10.4% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Canada in 2022:
- China (31.9K tons)
- United States (10.3K tons)
- Japan (1.6K tons)
- Lithuania (1.6K tons)
- Taiwan (Chinese) (1.3K tons)
- Germany (1.3K tons)
- Norway (0.9K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Canada
In 2022, the amount of chain and parts thereof, of iron or steel exported from Canada soared to 9.8K tons, picking up by 29% against the previous year. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of chain and parts thereof, of iron or steel skyrocketed to $56M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chain and Parts Thereof, of Iron or Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.3 | 26.7 | 32.4 | 47.3 | 13.6% |
| Germany | 0.2 | 0.9 | 0.8 | 1.3 | 86.6% |
| New Zealand | 0.9 | 0.4 | 0.7 | 1.2 | 10.1% |
| Finland | 0.5 | 0.5 | 0.7 | 0.9 | 21.6% |
| Chile | 1.0 | 0.8 | 0.7 | 0.9 | -3.5% |
| United Kingdom | 0.3 | 2.9 | 0.7 | 0.7 | 32.6% |
| Japan | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Others | 5.2 | 3.9 | 3.2 | 3.6 | -11.5% |
| Total | 40.5 | 36.2 | 39.3 | 56.3 | 11.6% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Canada in 2022:
- United States (6.7K tons)
- Germany (0.6K tons)
- New Zealand (0.5K tons)
- Finland (0.4K tons)
- Chile (0.4K tons)
- United Kingdom (0.2K tons)
- Japan (0.2K tons)
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