Canada: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Canada

In 2021, the Canadian polyethylene in primary forms market increased by 5.1% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a mild decrease. Polyethylene in primary forms consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Canada

In value terms, polyethylene in primary forms production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 7.4% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Canada

In 2021, after three years of growth, there was decline in overseas shipments of polyethylene in primary forms, when their volume decreased by -4% to X tons. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 15%. Over the period under review, the exports attained the maximum at X tons in 2016; afterwards, it flattened through to 2021.

In value terms, polyethylene in primary forms exports surged to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 polyethylene in primary forms exports from Canada, with a 94% share of total exports. Moreover, polyethylene in primary forms exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-3.0% per year) and China (+3.2% per year).

In value terms, the United States ($X) remains the key foreign market for polyethylene in primary forms exports from Canada, comprising 95% of total exports. The second position in the ranking was taken by Mexico ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.7% per year) and China (+3.8% per year).

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, growing by 66% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Canada

In 2021, the amount of polyethylene in primary forms imported into Canada rose notably to X tons, picking up by 12% on 2020. Overall, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.1% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 75% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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) was the main polyethylene in primary forms supplier to Canada, with a 93% share of total imports. It was followed by France (X tons), with a 1.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +1.2%.

In value terms, the United States ($X) constituted the largest supplier of polyethylene in primary forms to Canada, comprising 94% of total imports. The second position in the ranking was held by France ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +3.0%.

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, surging by 50% against the previous year. Overall, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 70%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.8%).

Source: IndexBox Platform

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