Canada: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Canada

The Canadian polyolefins other than polypropylene market declined to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated a remarkable 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Polyolefins other than Polypropylene in Canada

In value terms, polyolefins other than polypropylene production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Polyolefins other than polypropylene production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Polyolefins other than Polypropylene

Exports from Canada

In 2022, the amount of polyolefins other than polypropylene exported from Canada totaled X tons, standing approx. at 2021. Overall, exports continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, polyolefins other than polypropylene exports rose to $X in 2022. Over the period under review, total exports indicated a resilient expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for polyolefins other than polypropylene exports from Canada, with a X% share of total exports. Moreover, polyolefins other than polypropylene exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. Singapore (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for polyolefins other than polypropylene exports from Canada, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports. It was followed by Singapore, with a X% share.

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

Export Prices by Country

In 2022, the average polyolefins other than polypropylene export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Imports of Polyolefins other than Polypropylene

Imports into Canada

In 2022, after three years of growth, there was significant decline in purchases abroad of polyolefins other than polypropylene, when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, polyolefins other than polypropylene imports fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, the United States (X tons) was the main supplier of polyolefins other than polypropylene to Canada, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of polyolefins other than polypropylene to Canada.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%.

Import Prices by Country

The average polyolefins other than polypropylene import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, 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.

Source: IndexBox Platform