Canada: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Canada

In 2021, the Canadian market for unsaturated polyesters in primary forms increased by 17% to $X, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Unsaturated polyesters in primary forms consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in Canada

In value terms, unsaturated polyesters in primary forms production dropped rapidly to $X in 2021 estimated in export price. Overall, production recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. Unsaturated polyesters in primary forms production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Canada

In 2021, after two years of decline, there was significant growth in shipments abroad of unsaturated polyesters in primary forms, when their volume increased by 8.9% to X tons. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 14%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for unsaturated polyesters in primary forms exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +2.1%.

In value terms, the United States ($X) also remains the key foreign market for unsaturated polyesters in primary forms exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +8.0%.

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, picking up by 28% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated polyesters in primary forms export price increased by +64.8% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 +5.7% per year.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Canada

In 2021, purchases abroad of unsaturated polyesters in primary forms increased by 26% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern 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.

In value terms, unsaturated polyesters in primary forms imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main unsaturated polyesters in primary forms supplier to Canada, with a 96% share of total imports. It was followed by China (X tons), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +4.2%.

In value terms, the United States ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Canada, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +4.1%.

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, jumping by 25% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.1%).

Source: IndexBox Platform

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