Canada: Cement Pipe Market 2024

Cement Pipe Market Size in Canada

The Canadian cement pipe market shrank to $X in 2022, which is down by -9% against the previous year. Overall, consumption showed a perceptible reduction. Cement pipe consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cement Pipe Production in Canada

In value terms, cement pipe production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Cement Pipe Exports

Exports from Canada

In 2022, approx. X tons of pipes and other articles of cement were exported from Canada; surging by 2% against 2021. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cement pipe exports dropped to $X in 2022. Overall, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +85.0% against 2012 indices. The growth pace was the most rapid in 2013 when exports increased by 14%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted modestly in the following year.

Exports by Country

The United States (X tons) was the main destination for cement pipe exports from Canada, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +2.7%.

In value terms, the United States ($X) also remains the key foreign market for pipes and other articles of cement exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.6%.

Export Prices by Country

In 2022, the average cement pipe export price amounted to $X per ton, with a decrease of -5.8% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement pipe export price increased by +18.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.8% per year.

Cement Pipe Imports

Imports into Canada

In 2022, purchases abroad of pipes and other articles of cement decreased by -18.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +150.3% against 2012 indices. The pace of growth was the most pronounced in 2013 when imports increased by 40% against the previous year. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, cement pipe imports shrank to $X in 2022. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of cement pipe imports to Canada, together accounting for 72% of total imports. These countries were followed by Vietnam, Mexico, India, Germany, Israel and South Korea, which together accounted for a further 23%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Spain ($X) appeared to be the largest cement pipe suppliers to Canada, together comprising 72% of total imports. These countries were followed by Vietnam, Mexico, India, Germany, Israel and South Korea, which together accounted for a further 23%.

India, with a CAGR of +36.3%, 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 cement pipe import price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Mexico ($X per ton), while the price for South Korea ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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