Canada: Copper Foil Market 2024

Copper Foil Market Size in Canada

The Canadian copper foil market stood at $X in 2022, surging by 8.4% against the previous year. Overall, consumption, however, recorded a perceptible setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Copper Foil Production in Canada

In value terms, copper foil production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a sharp contraction. The growth pace was the most rapid in 2015 when the production volume increased by 232% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Copper Foil Exports

Exports from Canada

In 2022, the amount of copper foil exported from Canada fell to X tons, reducing by -10.2% compared with the previous year's figure. In general, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, copper foil exports reduced to $X in 2022. Over the period under review, exports saw a pronounced decline. The pace of growth was the most pronounced in 2021 when exports increased by 38%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for copper foil exports from Canada, with a 88% share of total exports. Moreover, copper foil exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +3.6%.

In value terms, the United States ($X) remains the key foreign market for copper foil exports from Canada, comprising 93% of total exports. The second position in the ranking was held by Malaysia ($X), with a 5.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -3.2%.

Export Prices by Country

In 2022, the average copper foil export price amounted to $X per ton, reducing by -3% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.2%).

Copper Foil Imports

Imports into Canada

In 2022, approx. X tons of copper foil were imported into Canada; remaining constant against the previous year. In general, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of 95% against the previous year. Imports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, copper foil imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Italy (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of copper foil imports to Canada, with a combined 78% 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 Italy (with a CAGR of +116.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and the Netherlands ($X) constituted the largest copper foil suppliers to Canada, with a combined 71% share of total imports. Luxembourg, Japan, China, Bulgaria and Germany lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Bulgaria, with a CAGR of +130.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper foil import price stood at $X per ton in 2022, surging by 5.3% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 62%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform