Canada: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in Canada

In 2023, the Canadian base metal padlock market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Base Metal Padlock Production in Canada

In value terms, base metal padlock production soared to $X in 2023 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Base Metal Padlock Exports

Exports from Canada

In 2023, base metal padlock exports from Canada contracted remarkably to X tons, which is down by X% against the previous year. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, base metal padlock exports contracted notably to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for base metal padlock exports from Canada, with a X% share of total exports. Moreover, base metal padlock exports to the United States exceeded the volume sent to the second major destination, New Caledonia (X tons), more than tenfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and Colombia (X% per year).

In value terms, the United States ($X) remains the key foreign market for base metal padlocks exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average base metal padlock export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal padlock export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Canada

In 2023, the amount of base metal padlocks imported into Canada dropped to X tons, with a decrease of X% on 2022. Overall, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, base metal padlock imports reduced slightly to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of base metal padlock imports to Canada, together comprising X% of total imports. Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest base metal padlock suppliers to Canada were China ($X), Mexico ($X) and the United States ($X), together accounting for X% of total imports. Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average base metal padlock import price amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and the United States ($X per ton), while the price for Germany ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform