Canada: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Canada

The Canadian beet-pulp and bagasse market contracted to $X in 2022, reducing by -7% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.6% against 2020 indices. Beet-pulp and bagasse consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Canada

In value terms, beet-pulp and bagasse production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports from Canada

In 2022, exports of beet-pulp and bagasse from Canada contracted to X tons, remaining stable against 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 71%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped modestly in the following year.

In value terms, beet-pulp and bagasse exports contracted to $X in 2022. Overall, exports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 103% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Japan (X tons) was the main destination for beet-pulp and bagasse exports from Canada, accounting for a 59% share of total exports. Moreover, beet-pulp and bagasse exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.5% per year) and Taiwan (Chinese) (+34.9% per year).

In value terms, Japan ($X) remains the key foreign market for beet-pulp and bagasse exports from Canada, comprising 57% of total exports. The second position in the ranking was taken by South Korea ($X), with a 24% share of total exports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-1.1% per year) and Taiwan (Chinese) (+26.8% per year).

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, reducing by -11.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.8%), while the prices for the other major destinations experienced a decline.

Beet-Pulp And Bagasse Imports

Imports into Canada

In 2022, supplies from abroad of beet-pulp and bagasse decreased by -22.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 17%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted sharply in the following year.

In value terms, beet-pulp and bagasse imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the main beet-pulp and bagasse supplier to Canada, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of beet-pulp and bagasse to Canada.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +3.5%.

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, surging by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, 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 +3.3% per year.

Source: IndexBox Platform

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