Canada: Artificial Staple Fibre Market 2024

Artificial Staple Fibre Market Size in Canada

The Canadian artificial staple fibre market rose markedly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Artificial Staple Fibre Production in Canada

In value terms, artificial staple fibre production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Artificial Staple Fibre Exports

Exports from Canada

In 2018, approx. X tons of artificial staple fibres were exported from Canada; rising by X% on the year before. In general, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

In value terms, artificial staple fibre exports shrank notably to $X in 2018. Over the period under review, exports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for artificial staple fibre exports from Canada, accounting for a X% share of total exports. Moreover, artificial staple fibre exports to Trinidad and Tobago exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2018, the average annual rate of growth in terms of volume to Trinidad and Tobago was relatively modest.

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for artificial staple fibres exports from Canada, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of value to Trinidad and Tobago was relatively modest.

Export Prices by Country

In 2018, the average artificial staple fibre export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2018, the average export prices remained at a somewhat 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 Trinidad and Tobago amounted to $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Artificial Staple Fibre Imports

Imports into Canada

In 2022, imports of artificial staple fibres into Canada fell notably to X tons, shrinking by X% compared with 2021 figures. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial staple fibre imports plummeted to $X in 2022. Over the period under review, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of artificial staple fibre imports to Canada, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest artificial staple fibre suppliers to Canada were Italy ($X), the United States ($X) and Germany ($X), together comprising X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average artificial staple fibre import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and New Zealand ($X per ton), while the price for Austria ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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