Canada: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Canada

The Canadian market for plastics pipes and pipe fittings rose sharply to $X in 2022, increasing by 12% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Canada

In value terms, plastics pipe and pipe fitting production expanded slightly to $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 160%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of plastics pipes and pipe fittings, when their volume decreased by -8.6% to X tons. Overall, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +62.9% against 2016 indices. The pace of growth was the most pronounced in 2020 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, plastics pipe and pipe fitting exports skyrocketed to $X in 2022. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 38%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for plastics pipe and pipe fitting exports from Canada, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +3.4%.

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled +9.1%.

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, growing by 35% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price increased by +56.3% against 2020 indices. As a result, the export price attained 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 2022, the rate of growth in terms of prices for the United States amounted to +5.5% per year.

Imports of Plastics Pipes And Pipe Fittings

Imports into Canada

In 2022, supplies from abroad of plastics pipes and pipe fittings increased by 13% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting imports soared to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value 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, imports increased by +63.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest plastics pipe and pipe fitting supplier to Canada, accounting for a 77% share of total imports. Moreover, plastics pipe and pipe fitting imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.6% per year) and India (+43.0% per year).

In value terms, the United States ($X) constituted the largest supplier of plastics pipes and pipe fittings to Canada, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 7.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.4% per year) and India (+37.9% per year).

Import Prices by Country

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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