Canada: Aramids Staple Market 2024

Aramids Staple Market Size in Canada

In 2021, the Canadian aramids staple market increased by 37% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a perceptible reduction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Aramids Staple Exports

Exports from Canada

In 2021, exports of aramids staple from Canada skyrocketed to X tons, increasing by 361% compared with the year before. In general, exports recorded a resilient expansion. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, aramids staple exports soared to $X in 2021. Overall, exports showed a strong increase. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for aramids staple exports from Canada, with a 55% share of total exports. Moreover, aramids staple exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.7% per year) and China (+7.7% per year).

In value terms, the United States ($X) remains the key foreign market for aramids staple exports from Canada, comprising 89% of total exports. The second position in the ranking was taken by Mexico ($X), with a 2.8% share of total exports. It was followed by Taiwan (Chinese), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.3% per year) and Taiwan (Chinese) (+0.6% per year).

Export Prices by Country

In 2021, the average aramids staple export price amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the export price showed slight growth. The pace of growth appeared the most rapid in 2014 an increase of 121%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-3.2%), while the prices for the other major destinations experienced a decline.

Aramids Staple Imports

Imports into Canada

In 2021, supplies from abroad of aramids staple was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a slight shrinkage. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, aramids staple imports soared to $X in 2021. In general, imports, however, saw a noticeable setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest aramids staple supplier to Canada, with a 63% share of total imports. Moreover, aramids staple imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.0% per year) and China (-6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of aramids staple to Canada, comprising 67% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports. It was followed by France, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.1% per year) and France (-15.7% per year).

Import Prices by Country

In 2021, the average aramids staple import price amounted to $X per ton, surging by 5.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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