Canada: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Canada

The Canadian polypropylene in primary forms market shrank markedly to $X in 2022, falling by -32.4% 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). In general, consumption recorded a perceptible contraction. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Exports of Polypropylene in Primary Forms

Exports from Canada

For the sixth year in a row, Canada recorded growth in shipments abroad of polypropylene in primary forms, which increased by 109% to X tons in 2022. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polypropylene in primary forms exports surged to $X in 2022. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for polypropylene in primary forms exports from Canada, accounting for a 83% share of total exports. Moreover, polypropylene in primary forms exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+32.5% per year) and Malaysia (+80.4% per year).

In value terms, the United States ($X) remains the key foreign market for polypropylene in primary forms exports from Canada, comprising 85% of total exports. The second position in the ranking was taken by Mexico ($X), with an 8.9% share of total exports. It was followed by China, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+32.1% per year) and China (+19.7% per year).

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, declining by -22.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Malaysia ($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 the United States (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene in Primary Forms

Imports into Canada

In 2022, overseas purchases of polypropylene in primary forms decreased by -4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, polypropylene in primary forms imports reduced to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +79.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 88%. As a result, imports attained the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main polypropylene in primary forms supplier to Canada, accounting for a 93% share of total imports. It was followed by China (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of polypropylene in primary forms to Canada, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +2.2%.

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2021 an increase of 63% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat 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 China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%).

Source: IndexBox Platform

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