Canada: Metallised Yarn Market 2024

Metallised Yarn Market Size in Canada

The Canadian metallised yarn market dropped to $X in 2022, declining by -9.1% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metallised Yarn Production in Canada

In value terms, metallised yarn production declined to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 64% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metallised Yarn Exports

Exports from Canada

In 2022, overseas shipments of metallised yarn and strip increased by 6.8% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a significant decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metallised yarn exports declined dramatically to $X in 2022. In general, exports, however, saw a sharp descent. The growth pace was the most rapid in 2013 with an increase of 46%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for metallised yarn exports from Canada, with a 72% share of total exports. Moreover, metallised yarn exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), sixfold. Thailand (X kg) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.1% per year) and Thailand (-4.0% per year).

In value terms, the United States ($X) remains the key foreign market for metallised yarn and strip exports from Canada, comprising 65% of total exports. The second position in the ranking was taken by the UK ($X), with a 16% share of total exports. It was followed by Thailand, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.6% per year) and Thailand (-6.4% per year).

Export Prices by Country

In 2022, the average metallised yarn export price amounted to $X per ton, dropping by -32% against the previous year. In general, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Kyrgyzstan ($X per ton), while the average price for exports to the United States ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.1%), while the prices for the other major destinations experienced a decline.

Metallised Yarn Imports

Imports into Canada

Metallised yarn imports into Canada declined to X tons in 2022, with a decrease of -11.6% against 2021. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metallised yarn imports reduced markedly to $X in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of metallised yarn imports to Canada, together comprising 68% of total imports. The UK, Honduras, Lithuania, France, Japan and Turkey lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +144.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metallised yarn suppliers to Canada were the United States ($X), the UK ($X) and China ($X), with a combined 65% share of total imports. Japan, Taiwan (Chinese), Lithuania, Honduras, France and Turkey lagged somewhat behind, together accounting for a further 27%.

Honduras, with a CAGR of +108.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metallised yarn import price stood at $X per ton in 2022, reducing by -17.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 35%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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