Canada: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Canada

The Canadian rubber-to-metal and moulded article market expanded significantly to $X in 2021, growing by 7% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.6% against 2014 indices. Rubber-to-metal and moulded article consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Rubber-to-Metal and Moulded Articles in Canada

In value terms, rubber-to-metal and moulded article production totaled $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 26% against the previous year. Rubber-to-metal and moulded article production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Canada

In 2021, shipments abroad of rubber-to-metal and moulded articles decreased by -7.8% to X tons for the first time since 2015, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.6% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons) was the main destination for rubber-to-metal and moulded article exports from Canada, accounting for a 87% share of total exports. Moreover, rubber-to-metal and moulded article exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +1.1%.

In value terms, the United States ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Canada, comprising 87% of total exports. The second position in the ranking was taken by Mexico ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +5.5%.

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, picking up by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico 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 (+4.3%).

Imports of Rubber-to-Metal and Moulded Articles

Imports into Canada

In 2021, overseas purchases of rubber-to-metal and moulded articles were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Mexico (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Canada, with a combined 79% share of total imports. These countries were followed by Japan, Germany, India, Spain, Taiwan (Chinese) and Thailand, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +29.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Canada were the United States ($X), China ($X) and Mexico ($X), together comprising 79% of total imports. Japan, Germany, India, Spain, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Spain, with a CAGR of +29.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, falling by -2.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 7.7%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and the United States ($X per ton), while the price for Thailand ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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