Canada: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Canada

In 2022, the Canadian metal hot-worked helical spring market increased by X% to $X, rising for the second consecutive year after four years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Canada

In value terms, metal hot-worked helical spring production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Metal hot-worked helical spring production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Canada

In 2022, approx. X tons of iron or steel hot-worked helical springs were exported from Canada; falling by X% against 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports fell to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for metal hot-worked helical spring exports from Canada, accounting for a X% share of total exports. Moreover, metal hot-worked helical spring exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel hot-worked helical springs exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the average price for exports to Finland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Canada

In 2022, the amount of iron or steel hot-worked helical springs imported into Canada reduced slightly to X tons, dropping by X% on the year before. Overall, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports expanded remarkably to $X in 2022. In general, imports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of metal hot-worked helical spring imports to Canada, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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