Canada: Hard Plastic Comb Market 2023

Hard Plastic Comb Market Size in Canada

The Canadian hard plastic comb market surged to $X in 2022, with an increase of 25% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +45.6% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Hard Plastic Comb Production in Canada

In value terms, hard plastic comb production dropped to $X in 2022 estimated in export price. Overall, production, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 896%. Hard plastic comb production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Hard Plastic Comb Exports

Exports from Canada

In 2022, overseas shipments of hard rubber or plastic combs increased by 83% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 152% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hard plastic comb exports skyrocketed to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 125% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for hard plastic comb exports from Canada, accounting for a approx. 94% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +11.2%.

In value terms, the United States ($X) also remains the key foreign market for hard rubber or plastic combs exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +12.0%.

Export Prices by Country

In 2022, the average hard plastic comb export price amounted to $X per ton, declining by -36.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 54%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Dominica amounted to +3.7% per year.

Hard Plastic Comb Imports

Imports into Canada

In 2022, supplies from abroad of hard rubber or plastic combs increased by 43% to X tons, rising for the fourth year in a row after three years of decline. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +83.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hard plastic comb imports soared to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +109.3% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of hard plastic comb to Canada, with a 90% share of total imports. Moreover, hard plastic comb imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and Taiwan (Chinese) (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of hard rubber or plastic combs to Canada, comprising 90% of total imports. The second position in the ranking was taken by the United States ($X), with a 3% share of total imports. It was followed by Taiwan (Chinese), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and Taiwan (Chinese) (-1.5% per year).

Import Prices by Country

The average hard plastic comb import price stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2014 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Bangladesh ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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