Canada: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Canada

In 2022, after four years of decline, there was significant growth in the Canadian market for plastics pipes and pipe fittings, when its value increased by X% to $X. Overall, consumption saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Canada

In value terms, plastics pipe and pipe fitting production stood at $X in 2022 estimated in export price. Overall, production showed a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. Plastics pipe and pipe fitting production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Plastics Pipes And Pipe Fittings

Exports from Canada

In 2022, overseas shipments of plastics pipes and pipe fittings decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, plastics pipe and pipe fitting exports soared to $X in 2022. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure 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 plastics pipe and pipe fitting exports from Canada, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) also remains the key foreign market for plastics pipes and pipe fittings exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, growing by X% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price 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, plastics pipe and pipe fitting export price increased by X% against 2020 indices. As a result, the export price attained 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 X% per year.

Imports of Plastics Pipes And Pipe Fittings

Imports into Canada

In 2022, purchases abroad of plastics pipes and pipe fittings increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastics pipe and pipe fitting imports soared to $X in 2022. In general, total imports indicated a moderate increase 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of plastics pipe and pipe fitting to Canada, accounting for a X% share of total imports. Moreover, plastics pipe and pipe fitting imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

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

In value terms, the United States ($X) constituted the largest supplier of plastics pipes and pipe fittings to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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