Metal Pipe & Tube Manufacturing in Canada - Industry Market Research Report

Pipe dream: Global steel prices are anticipated to fall, which may curb industry growth

The Canadian Metal Pipe and Tube Manufacturing industry has experienced fluctuations but, overall, has experienced moderately greater demand over the past five years. Factors such as volatile hydrocarbon prices and unstable demand from the energy sector has negatively impacted the industry performance. Unpredictable steel prices also disrupted operations as companies found it challenging to transfer costs to customers; consequently, the industry's profit margin varied during this period. However, since the onset of economic recovery post-COVID, profit has started to rise.

Despite the challenges amplified by the pandemic, industry revenue has grown at a CAGR of 1. 3%, reaching $6. 3 billion by 2023, including an increase of 5. 8% in 2023 alone despite a significant dip in global steel prices. The Metal Pipe and Tube Manufacturing industry in Canada includes standalone manufacturers of welded, riveted or seamless pipes or tubes made from iron or steel. Steel is purchased as an input material for the manufacturing process, generally in coil or billet form. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.