Canada: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in Canada

The Canadian other papers packaging market expanded rapidly to $X in 2022, rising by 8.8% against the previous year. Overall, consumption saw a precipitous slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Other Papers Packaging Production in Canada

In value terms, other papers packaging production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 12%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Other Papers Packaging Exports

Exports from Canada

In 2022, shipments abroad of other papers packaging increased by 2.5% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, other papers packaging exports surged to $X in 2022. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for other papers packaging exports from Canada, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +2.7%.

In value terms, the United States ($X) also remains the key foreign market for other papers packaging exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.9%.

Export Prices by Country

In 2022, the average other papers packaging export price amounted to $X per ton, rising by 24% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United States amounted to +4.1% per year.

Other Papers Packaging Imports

Imports into Canada

In 2022, approx. X tons of other papers packaging were imported into Canada; shrinking by -36.8% compared with the year before. In general, imports faced a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 47%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, other papers packaging imports fell rapidly to $X in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 45% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest other papers packaging supplier to Canada, with a 86% share of total imports. Moreover, other papers packaging imports from the United States exceeded the figures recorded by the second-largest supplier, Finland (X tons), tenfold. France (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+4.8% per year) and France (+0.7% per year).

In value terms, the United States ($X) constituted the largest supplier of other papers packaging to Canada, comprising 87% of total imports. The second position in the ranking was held by Finland ($X), with a 7.9% share of total imports. It was followed by France, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+11.2% per year) and France (+3.2% per year).

Import Prices by Country

In 2022, the average other papers packaging import price amounted to $X per ton, growing by 19% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other papers packaging import price increased by +66.4% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 45%. The import price peaked in 2022 and is expected to retain 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 France ($X per ton) and Italy ($X per ton), while the price for Finland ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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