Canadian metal products consumption contracts by 10.2% over 2020, dragged down by slump in automotive production, construction activities and diminished exports in the wake of the COVID-19 pandemic. Despite major drop in construction activities in the first half of 2020, intensifying infrastructure spending, rebounding housing demand in largest cities and slight recovery in commercial construction are anticipated to support demand for metals. COVID-19 crisis slashes metal demand from automotive sector, yet recovery is anticipated with further industry modernisation, uptick in sales and vaccination rollout globally. Industry is expected to see 3.9% CAGR over 2020-2025 supported by expanding infrastructure spending, recovering construction activities and rebound exports.
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This Euromonitor industrial report provides unique information on Metal Products in Canada. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Metal Products in Canada report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.See All of Our Definitions
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