Canada: Net Fabric Market 2024

Net Fabric Market Size in Canada

The Canadian net fabric market shrank to $X in 2022, waning by -5% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Net Fabric Production in Canada

In value terms, net fabric production declined to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -23.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 58% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Net Fabric Exports

Exports from Canada

In 2022, the amount of tulles and other net fabrics exported from Canada contracted markedly to X kg, reducing by -69.6% on the previous year's figure. In general, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, net fabric exports dropped notably to $X in 2022. Over the period under review, exports saw a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 15%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Greenland (X kg) and Paraguay (X kg) were the main destinations of net fabric exports from Canada, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greenland (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for tulles and other net fabrics exports from Canada, comprising 82% of total exports. The second position in the ranking was held by Greenland ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (0.0% per year) and Paraguay (-6.2% per year).

Export Prices by Country

In 2022, the average net fabric export price amounted to $X per ton, increasing by 74% against the previous year. Over the period under review, the export price saw a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Greenland ($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 (+11.9%).

Net Fabric Imports

Imports into Canada

Net fabric imports into Canada was estimated at X tons in 2022, increasing by 13% compared with 2021. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 234% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, net fabric imports reached $X in 2022. The total import value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of net fabric imports to Canada, together comprising 80% of total imports. India, Italy, Vietnam, Taiwan (Chinese), Slovakia and Mexico lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +553.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest net fabric suppliers to Canada were the United States ($X), China ($X) and India ($X), together comprising 68% of total imports. South Korea, Italy, Taiwan (Chinese), Slovakia, Vietnam and Mexico lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Vietnam, with a CAGR of +205.3%, saw 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

The average net fabric import price stood at $X per ton in 2022, reducing by -5.7% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 81%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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