Canada: Folding Boxboard Market 2024

Folding Boxboard Market Size in Canada

The Canadian folding boxboard market reduced to $X in 2021, waning by -5.8% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Folding Boxboard Production in Canada

In value terms, folding boxboard production fell to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 5.8%. Over the period under review, production hit record highs at $X in 2020, and then reduced slightly in the following year.

Folding Boxboard Exports

Exports from Canada

In 2021, exports of folding boxboard from Canada surged to X tons, growing by 22% against 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, folding boxboard exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for folding boxboard exports from Canada, with a 93% share of total exports. It was followed by Taiwan (Chinese) (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+54.2% per year) and Turkey (+2.8% per year).

In value terms, the United States ($X) remains the key foreign market for folding boxboard exports from Canada, comprising 95% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+65.4% per year) and Turkey (+5.2% per year).

Export Prices by Country

The average folding boxboard export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 6.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 Taiwan (Chinese) (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Folding Boxboard Imports

Imports into Canada

In 2021, overseas purchases of folding boxboard decreased by -6.2% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 48% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, folding boxboard imports rose slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main folding boxboard supplier to Canada, with a 92% share of total imports. It was followed by Mexico (X tons), with a 2.4% share of total imports. Germany (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+11.4% per year) and Germany (+13.9% per year).

In value terms, the United States ($X) constituted the largest supplier of folding boxboard to Canada, comprising 85% of total imports. The second position in the ranking was held by Mexico ($X), with a 5.2% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+10.4% per year) and Germany (+11.0% per year).

Import Prices by Country

The average folding boxboard import price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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