Canada: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Canada

The Canadian market for plastic fittings for tubes, pipes and hoses expanded notably to $X in 2021, increasing by 11% against the previous year. In general, consumption saw a pronounced expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Canada

In value terms, production of plastic fittings for tubes, pipes and hoses rose rapidly to $X in 2021 estimated in export price. Overall, production showed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 42%. Production of peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Canada

For the third consecutive year, Canada recorded growth in shipments abroad of plastic fittings for tubes, pipes and hoses, which increased by 9.7% to X tons in 2021. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +105.8% against 2012 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Over the period under review, exports showed a buoyant increase. 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 exports of plastic fittings for tubes, pipes and hoses from Canada, with a approx. 97% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.0%.

In value terms, the United States ($X) also remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +9.9%.

Export Prices by Country

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, with an increase of 19% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.8% per year.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Canada

In 2021, purchases abroad of plastic fittings for tubes, pipes and hoses increased by 22% to X tons, rising for the fifth year in a row after two years of decline. In general, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Canada, accounting for a 68% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.3% per year) and Taiwan (Chinese) (+6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Canada, comprising 70% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 2% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.4% per year) and Taiwan (Chinese) (+3.1% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, increasing by 5.7% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2016 an increase of 6.8%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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