Canada: Cotton Fabric Market 2024

Cotton Fabric Market Size in Canada

In 2021, the Canadian cotton fabric market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Cotton fabric consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Cotton Fabric Production in Canada

In value terms, cotton fabric production expanded sharply to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Cotton Fabric Exports

Exports from Canada

In 2021, overseas shipments of woven fabrics of cotton increased by 29% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +140.7% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, cotton fabric exports soared to $X in 2021. In general, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.2% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), the UK (X tons) and Taiwan (Chinese) (X tons) were the main destinations of cotton fabric exports from Canada, together accounting for 73% of total exports. China, Australia, New Zealand, Nicaragua, Hong Kong SAR, Uruguay, Belgium and Colombia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Nicaragua (with a CAGR of +117.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton fabric exported from Canada were the United States ($X), the UK ($X) and Taiwan (Chinese) ($X), with a combined 81% share of total exports. These countries were followed by China, Australia, New Zealand, Hong Kong SAR, Uruguay, Belgium, Nicaragua and Colombia, which together accounted for a further 9.7%.

Nicaragua, with a CAGR of +80.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cotton fabric export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Canada

In 2021, purchases abroad of woven fabrics of cotton increased by 21% to X tons, rising for the fifth consecutive year after three years of decline. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.2% against 2016 indices. The growth pace was the most rapid in 2018 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, cotton fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 35% 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.

Imports by Country

China (X tons), Pakistan (X tons) and the United States (X tons) were the main suppliers of cotton fabric imports to Canada, together comprising 59% of total imports. South Korea, India, Japan, Indonesia and Italy lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton fabric suppliers to Canada were South Korea ($X), China ($X) and the United States ($X), with a combined 62% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +7.6%, saw the highest rates of growth with regard to 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 cotton fabric import price stood at $X per ton in 2021, surging by 3.3% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of 36%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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