Canada: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Canada

The Canadian market for articles of cellulose fibre-cement, not containing asbestos reached $X in 2022, increasing by 4% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Canada

In value terms, production of articles of cellulose fibre-cement, not containing asbestos expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 84% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of articles of cellulose fibre-cement, not containing asbestos, when their volume decreased by -12.5% to X tons. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 1,823%. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos declined rapidly to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,975% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then declined remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +46.6%.

In value terms, the United States ($X) also remains the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +57.5%.

Export Prices by Country

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, dropping by -8.2% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.4% per year.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Canada

In 2022, purchases abroad of articles of cellulose fibre-cement, not containing asbestos increased by 65% to X tons, rising for the fourth year in a row after two years of decline. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 75%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2022. Over the period under review, imports posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by 83%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of imports of articles of cellulose fibre-cement, not containing asbestos to Canada, with a combined 94% 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 Vietnam (with a CAGR of +31.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Vietnam ($X) were the largest articles of cellulose fibre-cement, not containing asbestos suppliers to Canada, with a combined 92% share of total imports.

Vietnam, with a CAGR of +19.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, declining by -8.3% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for articles of cellulose fibre-cement, not containing asbestos decreased by -34.8% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 54%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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