Canada: Sisal Binder Market 2025

Sisal Binder Market Size in Canada

In 2022, the Canadian sisal binder market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a perceptible expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sisal Binder Production in Canada

In value terms, sisal binder production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sisal Binder Exports

Exports from Canada

In 2022, approx. X tons of sisal binder or baler (agricultural) twines were exported from Canada; surging by 91% compared with 2021 figures. Overall, exports posted a strong increase. The growth pace was the most rapid in 2015 with an increase of 454% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sisal binder exports skyrocketed to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 417%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for sisal binder exports from Canada, accounting for a 65% share of total exports. Moreover, sisal binder exports to the United States exceeded the volume sent to the second major destination, Indonesia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+9.8% per year) and India (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for sisal binder or baler (agricultural) twines exports from Canada, comprising 84% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+7.4% per year) and India (0.0% per year).

Export Prices by Country

In 2022, the average sisal binder export price amounted to $X per ton, rising by 5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 81%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 (-1.9%), while the prices for the other major destinations experienced a decline.

Sisal Binder Imports

Imports into Canada

In 2022, the amount of sisal binder or baler (agricultural) twines imported into Canada contracted to X tons, falling by -13.9% compared with the year before. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sisal binder imports totaled $X in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest sisal binder supplier to Canada, accounting for a 71% share of total imports. Moreover, sisal binder imports from Brazil exceeded the figures recorded by the second-largest supplier, Israel (X tons), eightfold. Portugal (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+134.0% per year) and Portugal (-2.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of sisal binder or baler (agricultural) twines to Canada, comprising 62% of total imports. The second position in the ranking was taken by Israel ($X), with a 13% share of total imports. It was followed by Portugal, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+135.0% per year) and Portugal (+3.2% per year).

Import Prices by Country

The average sisal binder import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 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 Portugal (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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