Canada: Twig Broom Market 2024

Twig Broom Market Size in Canada

The Canadian twig broom market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.9% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Twig Broom Exports

Exports from Canada

In 2021, overseas shipments of brooms and brushes of twigs decreased by -59.4% to X units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 229% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, twig broom exports reduced notably to $X in 2021. Overall, exports showed a precipitous contraction. The growth pace was the most rapid in 2015 with an increase of 224%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X units), the United States (X units) and Saint Pierre and Miquelon (X units) were the main destinations of twig broom exports from Canada, with a combined 87% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saint Pierre and Miquelon (with a CAGR of +0.8%), while shipments for the other leaders experienced a decline.

In value terms, Mexico ($X), the United States ($X) and Saint Pierre and Miquelon ($X) were the largest markets for twig broom exported from Canada worldwide, together accounting for 86% of total exports.

Among the main countries of destination, Saint Pierre and Miquelon, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average twig broom export price stood at $X per unit in 2021, growing by 33% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twig broom export price increased by +40.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 38%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per unit) and the UK ($X per unit), while the average price for exports to Russia ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into Canada

In 2021, the amount of brooms and brushes of twigs imported into Canada soared to X units, increasing by 19% compared with 2020 figures. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.7% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 39% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, twig broom imports rose modestly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 22%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of twig broom to Canada, accounting for a 70% share of total imports. Moreover, twig broom imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-3.4% per year) and the United States (-8.3% per year).

In value terms, Mexico ($X), China ($X) and the United States ($X) appeared to be the largest twig broom suppliers to Canada, together accounting for 87% of total imports.

In terms of the main suppliers, China, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average twig broom import price amounted to $X per unit, falling by -12.6% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 13%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :