Canada: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Canada

The Canadian high-tenacity filament aramids yarn market skyrocketed to $X in 2022, jumping by 20% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Aramids in Canada

In value terms, high-tenacity filament aramids yarn production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 98%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Canada

In 2022, after three years of growth, there was significant decline in overseas shipments of high-tenacity filament yarn of aramids, when their volume decreased by -39.8% to X tons. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports dropped to $X in 2022. Over the period under review, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for high-tenacity filament aramids yarn exports from Canada, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -6.6%.

In value terms, the United States ($X) also remains the key foreign market for high-tenacity filament yarn of aramids exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -2.8%.

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, jumping by 45% against the previous year. Overall, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 95% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.1% per year.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Canada

In 2022, approx. X tons of high-tenacity filament yarn of aramids were imported into Canada; which is down by -19.3% on the previous year's figure. In general, imports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports contracted rapidly to $X in 2022. Over the period under review, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 27%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest high-tenacity filament aramids yarn supplier to Canada, accounting for a 70% share of total imports. Moreover, high-tenacity filament aramids yarn imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-32.9% per year) and South Korea (-17.8% per year).

In value terms, the United States ($X) constituted the largest supplier of high-tenacity filament yarn of aramids to Canada, comprising 60% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports. It was followed by South Korea, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-32.6% per year) and South Korea (-15.7% per year).

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 183%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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