Steel Sheet Piling Price in Canada - 2023

Contents:

1. Steel Sheet Piling Price in Canada (CIF) - 2022
2. Steel Sheet Piling Price in Canada (FOB) - 2023
3. Steel Sheet Piling Imports in Canada
4. Steel Sheet Piling Exports in Canada

Steel Sheet Piling Price in Canada (CIF) - 2022

In 2022, the average steel sheet piling import price amounted to $1,238 per ton, growing by 13% against the previous year. Over the period under review, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 59%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 the United States ($1,753 per ton), while the price for the Netherlands ($1,002 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Steel Sheet Piling Price in Canada (FOB) - 2023

In May 2023, the average steel sheet piling export price amounted to $1,477 per ton, jumping by 86% against the previous month. In general, the export price recorded a perceptible increase. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 86% against the previous month. The export price peaked at $1,490 per ton in February 2023; afterwards, it flattened through to May 2023.

As there is only one major export destination, the average price level is determined by prices for the United States.

From June 2022 to May 2023, the rate of growth in terms of prices for the United States amounted to +4.8% per month.

Steel Sheet Piling Imports in Canada

Steel sheet piling imports into Canada soared to 74K tons in 2022, rising by 88% against 2021. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, steel sheet piling imports soared to $91M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel Sheet Piling to Canada in 2022:

1. China (43.2K tons)
2. United Arab Emirates (12.2K tons)
3. Luxembourg (8.6K tons)
4. United States (4.7K tons)
5. Hong Kong SAR (4.5K tons)

Steel Sheet Piling Exports in Canada

In 2022, after two years of decline, there was significant growth in shipments abroad of sheet piling of steel, when their volume increased by 98% to 4.4K tons. In general, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, steel sheet piling exports soared to $3.6M in 2022. Overall, exports, however, recorded a deep reduction.

Top Export Markets for Steel Sheet Piling from Canada in 2022:

1. United States (4.4K tons)

Source: IndexBox Market Intelligence Platform