Price for Waste, Parings and Scrap, of Plastics in Canada - 2023
Contents:
- Price for Waste, Parings and Scrap, of Plastics in Canada (CIF) - 2023
- Price for Waste, Parings and Scrap, of Plastics in Canada (FOB) - 2022
- Imports of Waste, Parings and Scrap, of Plastics in Canada
- Exports of Waste, Parings and Scrap, of Plastics in Canada
Price for Waste, Parings and Scrap, of Plastics in Canada (CIF) - 2023
The average import price for waste, parings and scrap, of plasticses stood at $554 per ton in December 2023, rising by 1.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 13% m-o-m. The import price peaked at $563 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.1% per month.
Price for Waste, Parings and Scrap, of Plastics in Canada (FOB) - 2022
The average export price for waste, parings and scrap, of plasticses stood at $576 per ton in 2022, with an increase of 6.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 44%. Over the period under review, the average export prices reached the maximum at $611 per ton in 2013; however, from 2014 to 2022, 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 Spain ($649 per ton), while the average price for exports to Malaysia ($357 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.1%), while the prices for the other major destinations experienced a decline.
Imports of Waste, Parings and Scrap, of Plastics in Canada
In 2022, after three years of growth, there was significant decline in overseas purchases of waste, parings and scrap, of plasticses, when their volume decreased by -13.3% to 161K tons. Overall, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 6.8% against the previous year.
In value terms, imports of waste, parings and scrap, of plasticses stood at $108M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Waste, Parings and Scrap, of Plastics in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 59.6 | 56.8 | 88.6 | 85.3 | 12.7% |
| Colombia | N/A | 0.3 | 0.4 | 5.6 | 332.0% |
| Others | 12.8 | 12.6 | 17.5 | 16.9 | 9.7% |
| Total | 72.4 | 69.7 | 107 | 108 | 14.3% |
Top Suppliers of Waste, Parings and Scrap, of Plastics to Canada in 2022:
- United States (148.7K tons)
- Colombia (2.9K tons)
Exports of Waste, Parings and Scrap, of Plastics in Canada
Exports of waste, parings and scrap, of plasticses from Canada expanded notably to 184K tons in 2022, increasing by 7.9% on 2021. The total export volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of waste, parings and scrap, of plasticses skyrocketed to $106M in 2022. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 64%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Waste, Parings and Scrap, of Plastics in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.1 | 49.1 | 85.7 | 96.7 | 22.9% |
| Malaysia | 2.5 | 1.9 | 1.5 | 1.9 | -8.7% |
| Spain | 0.2 | 0.2 | 0.5 | 1.8 | 108.0% |
| India | 2.5 | 0.3 | 0.5 | 1.7 | -12.1% |
| Others | 6.7 | 4.3 | 3.7 | 3.6 | -18.7% |
| Total | 64.1 | 55.9 | 91.9 | 106 | 18.3% |
Top Export Markets for Waste, Parings and Scrap, of Plastics from Canada in 2022:
- United States (167.0K tons)
- Malaysia (5.3K tons)
- India (3.2K tons)
- Spain (2.8K tons)
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