Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Canada - 2024
Contents:
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Canada (CIF) - 2024
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Canada (FOB) - 2022
- Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Canada
- Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Canada
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Canada (CIF) - 2024
In December 2023, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $14,221 per ton, declining by -19.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 27% against the previous month. Over the period under review, average import prices hit record highs at $18,221 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($20,132 per ton), while the price for China ($6,007 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Canada (FOB) - 2022
The average export price for tubing; flexible, with or without fittings, of base metals stood at $29,761 per ton in 2022, picking up by 5% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tubing; flexible, with or without fittings, of base metals increased by +88.0% against 2014 indices. The most prominent rate of growth was recorded in 2018 an increase of 29%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.0% per year.
Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Canada
Imports of tubing; flexible, with or without fittings, of base metals into Canada totaled 6.7K tons in 2022, surging by 4.6% compared with 2021 figures. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of tubing; flexible, with or without fittings, of base metals stood at $92M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 50.4 | 47.5 | 54.7 | 63.9 | 8.2% |
| China | 12.8 | 10.5 | 12.5 | 11.8 | -2.7% |
| Taiwan (Chinese) | 0.3 | 0.5 | 2.6 | 2.9 | 113.0% |
| India | 1.0 | 0.8 | 1.8 | 2.7 | 39.2% |
| South Korea | 1.5 | 0.8 | 1.3 | 1.4 | -2.3% |
| Others | 8.2 | 7.7 | 7.7 | 9.3 | 4.3% |
| Total | 74.3 | 67.8 | 80.8 | 92.1 | 7.4% |
Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Canada in 2022:
- United States (4.4K tons)
- China (1.4K tons)
- Taiwan (Chinese) (0.2K tons)
- India (0.2K tons)
- South Korea (0.1K tons)
Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Canada
In 2022, exports of tubing; flexible, with or without fittings, of base metals from Canada skyrocketed to 866 tons, rising by 52% against the year before. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 increased by +53.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tubing; flexible, with or without fittings, of base metals surged to $26M in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.2 | 11.1 | 13.8 | 23.1 | 27.3% |
| Others | 3.7 | 3.0 | 2.3 | 2.7 | -10.0% |
| Total | 14.9 | 14.0 | 16.1 | 25.8 | 20.1% |
Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Canada in 2022:
- United States (779.5 tons)
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