Price for Hot-Rolled Wire Rod in Coils in Canada - 2024 - Charts and Tables - IndexBox.

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The average import price for hot-rolled wire rods in coils stood at $1,078 per ton in January 2024, falling by -3.8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 95% m-o-m. The import price peaked at $1,186 per ton in October 2023; however, from November 2023 to January 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($2,201 per ton), while the price for Vietnam ($770 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the prices for the other major suppliers experienced a decline.

The average export price for hot-rolled wire rods in coils stood at $1,108 per ton in January 2024, picking up by 19% against the previous month. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,201 per ton in April 2023; however, from May 2023 to January 2024, the export prices stood at a somewhat lower figure.

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

From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -0.1% per month.

In 2022, the amount of hot-rolled wire rods in coils imported into Canada was estimated at 331K tons, increasing by 5% on the previous year. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, hot-rolled wire rod in coils imports soared to $337M in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 79%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Hot-Rolled Wire Rod in Coils to Canada in 2022:

After three years of growth, overseas shipments of hot-rolled wire rods in coils decreased by -10.2% to 250K tons in 2022. The total export volume increased at an average annual rate of +5.4% 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 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 278K tons, and then fell in the following year.

In value terms, hot-rolled wire rod in coils exports expanded markedly to $323M in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Hot-Rolled Wire Rod in Coils from Canada in 2022:

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled wire rod in coils 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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