Canada: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Canada

The Canadian market for nets of twine, cordage, rope or textile materials rose markedly to $X in 2022, picking up by 6.9% 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 recorded a measured increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Canada

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were exported from Canada; with an increase of 2% on 2021. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 57%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, twine, cordage or textile net exports stood at $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Norway (X tons) and Greenland (X tons) were the main destinations of twine, cordage or textile net exports from Canada, together comprising 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +61.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Canada, comprising 50% of total exports. The second position in the ranking was held by Norway ($X), with an 18% share of total exports. It was followed by Greenland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+62.3% per year) and Greenland (+36.6% per year).

Export Prices by Country

In 2022, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Norway ($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 Trinidad and Tobago (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Canada

Twine, cordage or textile net imports into Canada rose rapidly to X tons in 2022, increasing by 5.4% against the previous year's figure. Over the period under review, imports showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 109% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 23%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest twine, cordage or textile net supplier to Canada, with a 35% share of total imports. Moreover, twine, cordage or textile net imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.3% per year) and the United States (+1.8% per year).

In value terms, China ($X), the United States ($X) and India ($X) appeared to be the largest twine, cordage or textile net suppliers to Canada, together accounting for 59% of total imports. Vietnam, Spain, Lithuania, the Dominican Republic, Portugal and the Philippines lagged somewhat behind, together accounting for a further 27%.

The Philippines, with a CAGR of +18.9%, saw the highest growth rate of 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 import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, with an increase of 2.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 82% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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