Canada: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Canada

In 2021, the Canadian vulcanised rubber erases market decreased by -18.7% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from Canada

After five years of decline, overseas shipments of erasers of vulcanised rubber increased by 47% to X tons in 2021. In general, exports, however, recorded a sharp reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Overall, exports, however, saw a sharp contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber erases exports from Canada, with a 88% share of total exports. Moreover, vulcanised rubber erases exports to the United States exceeded the volume sent to the second major destination, Australia (X kg), more than tenfold. Hong Kong SAR (X kg) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-21.2% per year) and Hong Kong SAR (+22.4% per year).

In value terms, the United States ($X) remains the key foreign market for erasers of vulcanised rubber exports from Canada, comprising 85% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 7% share of total exports. It was followed by Australia, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+36.3% per year) and Australia (-18.2% per year).

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, waning by -3% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price decreased by -29.8% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United States ($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 Hong Kong SAR (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Canada

For the third consecutive year, Canada recorded decline in supplies from abroad of erasers of vulcanised rubber, which decreased by -29.6% to X tons in 2021. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 4.9% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports fell to $X in 2021. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 10%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised rubber erases to Canada, accounting for a 64% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. The third position in this ranking was held by the United States (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-9.2% per year) and the United States (-10.3% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Canada, comprising 64% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.4% share of total imports. It was followed by the United States, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.7% per year) and the United States (-8.9% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, growing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and China ($X per ton), while the price for Malaysia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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