Canada: Plaster Market 2024

Plaster Market Size in Canada

The Canadian plaster market surged to $X in 2022, jumping by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Plaster Exports

Exports from Canada

In 2022, the amount of plaster exported from Canada declined sharply to X tons, which is down by -18.5% against 2021. In general, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 776% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plaster exports shrank slightly to $X in 2022. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 473%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for plaster exports from Canada, with a 78% share of total exports. Moreover, plaster exports to the United States exceeded the volume sent to the second major destination, Bahamas (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+6.3% per year) and China (+6.0% per year).

In value terms, the United States ($X) remains the key foreign market for plaster exports from Canada, comprising 86% of total exports. The second position in the ranking was held by Bahamas ($X), with a 6.6% share of total exports. It was followed by China, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+12.1% per year) and China (+7.5% per year).

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaster export price decreased by -38.3% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 62%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Imports

Imports into Canada

In 2022, approx. X tons of plaster were imported into Canada; picking up by 42% compared with the year before. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 98%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plaster imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main supplier of plaster to Canada, with a 98% share of total imports. It was followed by China (X tons), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +14.3%.

In value terms, the United States ($X) constituted the largest supplier of plaster to Canada, comprising 98% of total imports. The second position in the ranking was held by China ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +2.7%.

Import Prices by Country

In 2022, the average plaster import price amounted to $X per ton, with a decrease of -31.2% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.2%).

Source: IndexBox Platform

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