Canada: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Canada

The Canadian market for coconut, abaca, ramie and other vegetable textile fibres was estimated at $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Canada

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Canada totaled X tons per ha in 2022, remaining constant against the year before. Over the period under review, the yield recorded mild growth. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the average yield of coconut, abaca, ramie and other vegetable textile fibres remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of coconut, abaca, ramie and other vegetable textile fibres in Canada fell slightly to X ha, approximately mirroring the year before. Overall, the harvested area recorded a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The harvested area of coconut, abaca, ramie and other vegetable textile fibres peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Canada

After two years of decline, overseas shipments of coconut, abaca, ramie and other vegetable textile fibres increased by X% to X tons in 2022. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres surged to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Canada, with a X% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to the United States exceeded the volume sent to the second major destination, Nigeria (X tons), more than tenfold.

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

In value terms, the United States ($X) remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Canada, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw tangible growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($X 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 (X%), while the prices for the other major destinations experienced a decline.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Canada

In 2022, overseas purchases of coconut, abaca, ramie and other vegetable textile fibres increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres reached $X in 2022. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sri Lanka (X tons), India (X tons) and the Netherlands (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Canada, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), India ($X) and the Netherlands ($X) constituted the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Canada, with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :