Canada: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Canada

After three years of decline, the Canadian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 28% to $X in 2021. In general, consumption, however, showed a noticeable contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Canada

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Canada

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons after two years of decline. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 738%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 585% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Canada, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +40.7%.

In value terms, the United States ($X) also remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Canada.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +36.8%.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 79% against the previous year. Over the period under review, the export price, however, saw a slight descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 -2.8% per year.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Canada

In 2021, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. 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, Belgium (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Canada, with a 69% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +16.0%.

In value terms, Belgium ($X) and the United States ($X) appeared to be the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Canada.

In terms of the main suppliers, Belgium, with a CAGR of +19.7%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 55% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat 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 Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.1%).

Source: IndexBox Platform

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