Price for Ethylene Polymers; Waste, Parings and Scrap in Canada - 2024

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Canada (FOB) - 2022
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Canada (CIF) - 2024
3. Exports of Ethylene Polymers; Waste, Parings and Scrap in Canada
4. Imports of Ethylene Polymers; Waste, Parings and Scrap in Canada

Price for Ethylene Polymers; Waste, Parings and Scrap in Canada (FOB) - 2022

In 2022, the average export price for ethylene polymers; waste, parings and scraps amounted to $514 per ton, shrinking by -1.8% against the previous year. In general, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 43%. The export price peaked at $733 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($513 per ton) and India ($502 per ton), while the average price for exports to Malaysia ($430 per ton) and Hong Kong SAR ($501 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.3%), while the prices for the other major destinations experienced a decline.

Price for Ethylene Polymers; Waste, Parings and Scrap in Canada (CIF) - 2024

In December 2023, the average import price for ethylene polymers; waste, parings and scraps amounted to $416 per ton, increasing by 16% against the previous month. Over the period under review, import price indicated slight growth from January 2023 to December 2023: its price increased at an average monthly rate of +1.3% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for ethylene polymers; waste, parings and scraps increased by +89.3% against August 2023 indices. The pace of growth was the most pronounced in September 2023 when the average import price increased by 32% m-o-m. The import price peaked in December 2023.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From January 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to +1.3% per month.

Exports of Ethylene Polymers; Waste, Parings and Scrap in Canada

For the fourth year in a row, Canada recorded growth in overseas shipments of ethylene polymers; waste, parings and scraps, which increased by 15% to 56K tons in 2022. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of ethylene polymers; waste, parings and scraps totaled $29M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Canada in 2022:

1. United States (50.2K tons)
2. India (2.7K tons)
3. Malaysia (1.6K tons)

Imports of Ethylene Polymers; Waste, Parings and Scrap in Canada

Imports of ethylene polymers; waste, parings and scraps into Canada reduced to 36K tons in 2022, which is down by -7.6% on 2021 figures. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 102%. As a result, imports attained the peak of 39K tons, and then contracted in the following year.

In value terms, imports of ethylene polymers; waste, parings and scraps reduced remarkably to $15M in 2022. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 140%. As a result, imports attained the peak of $22M, and then fell sharply in the following year.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Canada in 2022:

1. United States (33.8K tons)
2. Ecuador (1.1K tons)

Source: IndexBox Market Intelligence Platform