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

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

In 2021, after two years of decline, there was significant growth in the Canadian high-tenacity filament polyester yarn market, when its value increased by 18% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Canada

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were exported from Canada; rising by 30% against the year before. In general, exports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 71% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 94% against the previous year. 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 high-tenacity filament polyester yarn exports from Canada, with a 96% share of total exports. Moreover, high-tenacity filament polyester yarn exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -4.3%.

In value terms, the United States ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Canada, comprising 96% of total exports. The second position in the ranking was taken by Colombia ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -5.1%.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, declining by -5.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.8%).

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Canada

In 2021, after two years of decline, there was significant growth in supplies from abroad of high-tenacity filament yarn of polyesters, when their volume increased by 13% to X tons. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2016 with an increase of 14% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 19% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Canada, with a 75% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-3.5% per year) and Taiwan (Chinese) (-7.4% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Canada, comprising 70% of total imports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-6.7% per year) and Taiwan (Chinese) (-8.5% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, picking up by 5% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.3%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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