Canada: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Canada

The Canadian market for self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2022, increasing by 28% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Canada

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm rose remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight decline. The growth pace was the most rapid in 2020 when the production volume increased by 82% against the previous year. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of self-adhesive plastic tape in rolls of a width under 20cm, when their volume decreased by -10.8% to X tons. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 9.8%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm amounted to $X in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 16% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Canada, accounting for a 90% share of total exports. It was followed by the UK (X tons), with a 1.9% share of total exports. The third position in this ranking was held by Mexico (X tons), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.3% per year) and Mexico (+4.4% per year).

In value terms, the United States ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Canada, comprising 87% of total exports. The second position in the ranking was held by the UK ($X), with a 2.8% share of total exports. It was followed by Mexico, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.3% per year) and Mexico (+9.3% per year).

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Brazil ($X per ton), while the average price for exports to the United States ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Canada

In 2022, overseas purchases of self-adhesive plastic tape in rolls of a width under 20cm increased by 5.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 20%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm rose sharply to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value 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, imports increased by +34.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Canada, accounting for a 59% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and Taiwan (Chinese) (+1.9% per year).

In value terms, the United States ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Canada, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.3% per year) and Taiwan (Chinese) (+3.2% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, with an increase of 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2014 when the average import price increased by 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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