Canada - Hot-Rolled Bars Of High Speed Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled High Speed Steel Bar in Canada - 2023
Contents:
- Price for Hot-Rolled High Speed Steel Bar in Canada (CIF) - 2022
- Price for Hot-Rolled High Speed Steel Bar in Canada (FOB) - 2023
- Imports of Hot-Rolled High Speed Steel Bar in Canada
- Exports of Hot-Rolled High Speed Steel Bar in Canada
Price for Hot-Rolled High Speed Steel Bar in Canada (CIF) - 2022
In 2022, the average import price for hot-rolled bars of high speed steel amounted to $4,687 per ton, picking up by 6.9% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2017 an increase of 32% against the previous year. The import price peaked at $8,682 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($23,217 per ton), while the price for the United States ($3,505 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled High Speed Steel Bar in Canada (FOB) - 2023
In June 2023, the average export price for hot-rolled bars of high speed steel amounted to $4,434 per ton, rising by 4.3% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 45% against the previous month. As a result, the export price reached the peak level of $8,405 per ton. From December 2022 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($7,492 per ton), while the average price for exports to Peru ($3,620 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled High Speed Steel Bar in Canada
For the fourth year in a row, Canada recorded growth in purchases abroad of hot-rolled bars of high speed steel, which increased by 80% to 2.1K tons in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 100% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, hot-rolled high speed steel bar imports surged to $9.6M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled High Speed Steel Bar in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 426 | 776 | 1,669 | 4,103 | 112.8% |
| United States | 1,319 | 1,107 | 1,432 | 2,083 | 16.5% |
| China | 898 | 731 | 745 | 1,097 | 6.9% |
| Brazil | 232 | 53.5 | 234 | 857 | 54.6% |
| Austria | 636 | 303 | 586 | 565 | -3.9% |
| South Korea | 107 | N/A | N/A | 243 | 31.4% |
| Others | 389 | 128 | 358 | 694 | 21.3% |
| Total | 4,008 | 3,100 | 5,023 | 9,643 | 34.0% |
Top Suppliers of Hot-Rolled High Speed Steel Bar to Canada in 2022:
- Taiwan (Chinese) (1004.6 tons)
- United States (594.2 tons)
- China (221.5 tons)
- Brazil (134.8 tons)
- South Korea (47.0 tons)
- Austria (25.0 tons)
Exports of Hot-Rolled High Speed Steel Bar in Canada
Hot-rolled high speed steel bar exports from Canada surged to 1.1K tons in 2022, rising by 17% compared with the previous year's figure. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 94%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, hot-rolled high speed steel bar exports soared to $5.3M in 2022. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 92%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Hot-Rolled High Speed Steel Bar in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Liberia | N/A | N/A | 1,354 | 1,456 | 7.5% |
| Mexico | 1.0 | 663 | 1,524 | 1,388 | 1015.5% |
| South Africa | 306 | 112 | 59.4 | 697 | 31.6% |
| Peru | 2,388 | 631 | 90.9 | 413 | -44.3% |
| Chile | 278 | 251 | 91.6 | 296 | 2.1% |
| Morocco | N/A | N/A | 116 | 267 | 130.2% |
| Colombia | 20.6 | 142 | 54.9 | 267 | 134.9% |
| United States | 152 | 35.2 | 707 | 195 | 8.7% |
| Ghana | 128 | 66.5 | 35.6 | N/A | -47.3% |
| Others | 460 | 325 | 245 | 339 | -9.7% |
| Total | 3,733 | 2,226 | 4,277 | 5,318 | 12.5% |
Top Export Markets for Hot-Rolled High Speed Steel Bar from Canada in 2022:
- Liberia (393.1 tons)
- Mexico (304.9 tons)
- South Africa (129.4 tons)
- Peru (82.9 tons)
- Chile (58.7 tons)
- Morocco (56.8 tons)
- Colombia (46.0 tons)
- United States (31.3 tons)
This report provides an in-depth analysis of the market for hot-rolled high speed 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 24106610 - Hot-rolled bars of high speed 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
-
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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