Canada: Twine Product Market 2024

Twine Product Market Size in Canada

In 2022, the Canadian twine product market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a noticeable increase. Twine product consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Twine Product Production in Canada

In value terms, twine product production contracted dramatically to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Twine product production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Twine Product Exports

Exports from Canada

In 2022, shipments abroad of articles of twine, cordage, rope or cables was finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a pronounced downturn. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, twine product exports reduced slightly to $X in 2022. Overall, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for twine product exports from Canada, accounting for a X% share of total exports. Moreover, twine product exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), tenfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for articles of twine, cordage, rope or cables exports from Canada, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and China (X% per year).

Export Prices by Country

The average twine product export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price saw a slight descent. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2021, and then fell remarkably in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Malaysia ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($X 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 China (X%), while the prices for the other major destinations experienced a decline.

Twine Product Imports

Imports into Canada

For the third year in a row, Canada recorded growth in overseas purchases of articles of twine, cordage, rope or cables, which increased by X% to X tons in 2022. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, twine product imports expanded notably to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest twine product supplier to Canada, accounting for a X% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Canada, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :