Canada - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Forged Stainless Steel Bar in Canada - 2023
Contents:
- Price for Forged Stainless Steel Bar in Canada (CIF) - 2023
- Price for Forged Stainless Steel Bar in Canada (FOB) - 2022
- Imports of Forged Stainless Steel Bar in Canada
- Exports of Forged Stainless Steel Bar in Canada
Price for Forged Stainless Steel Bar in Canada (CIF) - 2023
In June 2023, the average forged stainless steel bar import price amounted to $11,566 per ton, picking up by 26% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +5.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($25,639 per ton), while the price for China ($3,343 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 Italy (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Forged Stainless Steel Bar in Canada (FOB) - 2022
In 2022, the average forged stainless steel bar export price amounted to $4,330 per ton, falling by -6.7% against the previous year. In general, the export price saw a perceptible contraction. The growth pace was the most rapid in 2020 when the average export price increased by 45%. The export price peaked at $6,619 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,735 per ton), while the average price for exports to India ($1,798 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 China (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Forged Stainless Steel Bar in Canada
In 2022, the amount of forged bars of stainless steel imported into Canada skyrocketed to 2.6K tons, picking up by 37% on the year before. The total import volume increased at an average annual rate of +5.6% over the period 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.
In value terms, forged stainless steel bar imports surged to $20M in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Forged Stainless Steel Bar in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 2.7 | 3.6 | 5.9 | 19.0% |
| Germany | 3.0 | 3.8 | 1.5 | 4.5 | 14.5% |
| Taiwan (Chinese) | 0.6 | 1.6 | 2.0 | 3.3 | 76.5% |
| Slovenia | N/A | 0.3 | 0.8 | 1.4 | 116.0% |
| China | 0.9 | 0.8 | 0.7 | 1.3 | 13.0% |
| India | 0.6 | 0.3 | 0.7 | 1.1 | 22.4% |
| Italy | 0.6 | 0.5 | 0.4 | 0.8 | 10.1% |
| Austria | 0.2 | 0.5 | 0.2 | 0.5 | 35.7% |
| Belgium | 0.2 | 0.1 | 0.3 | 0.5 | 35.7% |
| Others | 0.9 | 0.9 | 0.9 | 1.1 | 6.9% |
| Total | 10.4 | 11.4 | 11.1 | 20.3 | 25.0% |
Top Suppliers of Forged Stainless Steel Bar to Canada in 2022:
- China (607.4 tons)
- United States (564.2 tons)
- Germany (555.1 tons)
- Slovenia (207.4 tons)
- India (193.5 tons)
- Taiwan (Chinese) (127.0 tons)
- Belgium (108.1 tons)
- Italy (92.8 tons)
- Austria (62.4 tons)
Exports of Forged Stainless Steel Bar in Canada
In 2022, exports of forged bars of stainless steel from Canada rose notably to 187 tons, growing by 7.7% compared with the previous year. Overall, exports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 247 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, forged stainless steel bar exports reached $811K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 decreased by -20.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 67% against the previous year. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Forged Stainless Steel Bar in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 348 | 704 | 231 | 455 | 9.3% |
| Singapore | 25.0 | 14.6 | 161 | 191 | 97.0% |
| India | 89.1 | 0.1 | 87.9 | 104 | 5.3% |
| Cuba | 7.1 | 70.9 | 24.4 | 36.5 | 72.6% |
| China | 46.7 | 19.8 | 4.5 | 24.8 | -19.0% |
| South Korea | N/A | 80.4 | N/A | N/A | 0% |
| Germany | N/A | N/A | 116 | N/A | 0% |
| Vietnam | 50.6 | N/A | N/A | N/A | 0% |
| Saint Pierre and Miquelon | N/A | N/A | 158 | N/A | 0% |
| Mexico | N/A | 48.3 | N/A | N/A | 0% |
| Others | 46.2 | 84.7 | 23.8 | N/A | -28.2% |
| Total | 613 | 1,023 | 807 | 811 | 9.8% |
Top Export Markets for Forged Stainless Steel Bar from Canada in 2022:
- United States (79.3 tons)
- India (57.9 tons)
- Singapore (34.5 tons)
- China (8.3 tons)
- Cuba (7.3 tons)
This report provides an in-depth analysis of the market for forged stainless steel bar 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 24106450 - Forged bars, of stainless 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
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