Canada: Natural Polymers Market 2024

Natural Polymers Market Size in Canada

The Canadian natural polymers market rose markedly to $X in 2021, growing by 8.9% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Natural Polymers Production in Canada

In value terms, natural polymers production contracted to $X in 2021 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.6% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 49%. Natural polymers production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Natural Polymers Exports

Exports from Canada

Natural polymers exports from Canada surged to X tons in 2021, picking up by 20% on 2020 figures. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports soared to $X in 2021. The total export value increased at an average annual rate of +5.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for natural polymers exports from Canada, accounting for a 33% share of total exports. Moreover, natural polymers exports to the United States exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. Ghana (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+3.2% per year) and Ghana (+27.4% per year).

In value terms, the United States ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Canada, comprising 59% of total exports. The second position in the ranking was taken by France ($X), with an 8.6% share of total exports. It was followed by China, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+28.9% per year) and China (+13.6% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Canada

Natural polymers imports into Canada skyrocketed to X tons in 2021, jumping by 43% compared with 2020 figures. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 477%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, natural polymers imports soared to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +120.9% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of natural polymers imports to Canada, together accounting for 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +28.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Italy ($X) were the largest natural polymers suppliers to Canada, with a combined 74% share of total imports.

Italy, with a CAGR of +25.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 natural polymers import price stood at $X per ton in 2021, with a decrease of -9.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 316% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($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 (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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