Canada: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Canada

For the fourth consecutive year, the Canadian primary fiber crops market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Primary Fiber Crops Production in Canada

In value terms, primary fiber crops production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Primary fiber crops production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Primary Fiber Crops Exports

Exports from Canada

In 2022, shipments abroad of fiber crops (primary) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, primary fiber crops exports soared to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked 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 primary fiber crops exports from Canada, accounting for a X% share of total exports. Moreover, primary fiber crops exports to the United States exceeded the volume sent to the second major destination, Portugal (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Nigeria (X% per year).

In value terms, the United States ($X) remains the key foreign market for fiber crops (primary) exports from Canada, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Nigeria (X% per year).

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, enjoyed pronounced growth. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Primary Fiber Crops Imports

Imports into Canada

For the fourth year in a row, Canada recorded growth in supplies from abroad of fiber crops (primary), which increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, primary fiber crops imports expanded notably to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Sri Lanka (X tons), India (X tons) and the Netherlands (X tons) were the main suppliers of primary fiber crops imports to Canada, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), India ($X) and the United States ($X) appeared to be the largest primary fiber crops suppliers to Canada, with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average primary fiber crops import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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