Canada: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Canada

The Canadian natural rubber and gum market reduced sharply to $X in 2022, with a decrease of -37.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a dramatic contraction. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Natural Rubber And Gums

Exports from Canada

In 2022, shipments abroad of natural rubber and gums increased by 30% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 446% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports reached $X in 2022. Overall, exports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 310% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for natural rubber and gum exports from Canada, accounting for a 68% share of total exports. Moreover, natural rubber and gum exports to the United States exceeded the volume sent to the second major destination, Denmark (X tons), threefold. The third position in this ranking was held by Suriname (X tons), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+0.8% per year) and Suriname (+7.4% per year).

In value terms, the United States ($X) remains the key foreign market for natural rubber and gums exports from Canada, comprising 86% of total exports. The second position in the ranking was held by Denmark ($X), with an 11% share of total exports. It was followed by Suriname, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-0.9% per year) and Suriname (+7.8% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, reducing by -20.3% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 119% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Canada

In 2022, the amount of natural rubber and gums imported into Canada reduced dramatically to X tons, with a decrease of -41.6% compared with 2021 figures. In general, imports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 141% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, natural rubber and gum imports fell rapidly to $X in 2022. Over the period under review, imports showed a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 115%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of natural rubber and gum imports to Canada, with a combined 78% share of total imports. Sri Lanka, Malaysia, Guatemala and Vietnam lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +30.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest natural rubber and gum suppliers to Canada were the United States ($X), Thailand ($X) and Vietnam ($X), together comprising 61% of total imports. Indonesia, Sri Lanka, Malaysia and Guatemala lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, Sri Lanka, with a CAGR of +21.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period under review, the import price saw a mild increase. The pace of growth appeared the most rapid in 2017 an increase of 46%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Vietnam ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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