Canada: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Canada

In 2021, the Canadian vulcanised rubber thread market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a mild decrease. Vulcanised rubber thread consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in Canada

In value terms, vulcanised rubber thread production totaled $X in 2021 estimated in export price. Overall, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports from Canada

In 2021, vulcanised rubber thread exports from Canada skyrocketed to X tons, increasing by 83% against 2020 figures. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports soared to $X in 2021. In general, exports, however, showed a slight reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber thread exports from Canada, accounting for a 97% share of total exports. It was followed by China (X tons), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +5.3%.

In value terms, the United States ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Canada, comprising 94% of total exports. The second position in the ranking was taken by China ($X), with a 5.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.6%.

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, with a decrease of -26.7% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.8%).

Vulcanised Rubber Thread Imports

Imports into Canada

Vulcanised rubber thread imports into Canada reached X tons in 2021, with an increase of 12% compared with the previous year's figure. Overall, imports enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, vulcanised rubber thread imports expanded slightly to $X in 2021. Over the period under review, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of vulcanised rubber thread imports to Canada, with a combined 76% share of total imports. These countries were followed by Thailand, the Netherlands and Nicaragua, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nicaragua (with a CAGR of +157.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Malaysia ($X) constituted the largest vulcanised rubber thread suppliers to Canada, with a combined 74% share of total imports. These countries were followed by Thailand, the Netherlands and Nicaragua, which together accounted for a further 18%.

Nicaragua, with a CAGR of +114.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, falling by -8% against the previous year. Over the period under review, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in 2015 an increase of 44%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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