
Canada - Natural And Modified Natural Polymers In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Natural Polymer Price in Canada Shrinks Notably to $9,570 per Ton
Canada Natural Polymer Import Price in December 2022
In December 2022, the natural polymers price stood at $9,570 per ton (CIF, Canada), which is down by -17% against the previous month. Overall, import price indicated a temperate increase from January 2022 to December 2022: its price increased at an average monthly rate of +3.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, natural polymers import price increased by +37.2% against July 2022 indices. The pace of growth was the most pronounced in March 2022 an increase of 26% m-o-m. Over the period under review, average import prices hit record highs at $11,534 per ton in November 2022, and then fell remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($8,961 per ton), while the price for the Netherlands ($4,186 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Canada Natural Polymer Imports
In December 2022, after four months of decline, there was significant growth in supplies from abroad of natural and modified natural polymers in primary forms, when their volume increased by 22% to 967 tons. Over the period under review, imports, however, showed a mild slump. Over the period under review, imports attained the peak figure at 1.2K tons in July 2022; however, from August 2022 to December 2022, imports remained at a lower figure.
In value terms, natural polymers imports amounted to $9.3M (IndexBox estimates) in December 2022. The total import value increased at an average monthly rate of +2.4% over the period from January 2022 to December 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when imports increased by 37% m-o-m. Over the period under review, imports attained the maximum in December 2022.
Canada Natural Polymer Imports by Country
China (481 tons), the United States (241 tons) and Italy (157 tons) were the main suppliers of natural polymers imports to Canada, together comprising 91% of total imports. These countries were followed by the Netherlands, which accounted for a further 1.9%.
From January 2022 to December 2022, the biggest increases were in the Netherlands (with a CAGR of +43.3%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, China ($4.3M) constituted the largest supplier of natural polymers to Canada, comprising 47% of total imports. The second position in the ranking was held by the United States ($1.6M), with a 17% share of total imports. It was followed by Italy, with an 8.7% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of value from China stood at +4.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-1.1% per month) and Italy (-4.7% per month).
Natural Polymer Market Overview
Natural polymers are materials that have been derived from living organisms. Alginic acid is one such natural polymer that is extracted from brown algae. It is a linear polysaccharide composed of beta-1,4-linked D-mannuronic and L-guluronic acid residues. This acid can be used for a variety of purposes, including as a food additive, thickener, or emulsifier.
There are several factors that are driving the growth of the alginic acid market in Canada. These include the growing demand for natural products, the increasing use of alginates in food and pharmaceutical applications, and the availability of raw materials.
This report provides an in-depth analysis of the natural polymers market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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