Canada: Extruded Rod Market 2022

Extruded Rod Market Size in Canada

In 2021, the Canadian extruded rod market decreased by -X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Extruded rod consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Extruded Rod Production in Canada

In value terms, extruded rod production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Extruded Rod Exports

Exports from Canada

For the ninth consecutive year, Canada recorded decline in overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber, which decreased by -X% to X tons in 2021. In general, exports continue to indicate a sharp downturn. The smallest decline of -X% was in 2017. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, extruded rod exports contracted remarkably to $X in 2021. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for extruded rod exports from Canada, with a X% share of total exports. Moreover, extruded rod exports to the United States exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+X% per year) and Mexico (-X% per year).

In value terms, the United States ($X), Slovakia ($X) and Mexico ($X) appeared to be the largest markets for extruded rod exported from Canada worldwide, together accounting for X% of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +X%, 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 more modest paces of growth.

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovakia ($X per ton), while the average price for exports to Australia ($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 Mexico (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Canada

In 2021, extruded rod imports into Canada fell sharply to X tons, reducing by -X% against the previous year's figure. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, extruded rod imports declined to $X in 2021. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest extruded rod supplier to Canada, accounting for a X% share of total imports. Moreover, extruded rod imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Japan (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of extruded rod to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price recorded a slight increase. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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