Canada: Wrapping Papers Market 2022

Wrapping Papers Market Size in Canada

In 2021, the Canadian wrapping papers market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wrapping Papers Production in Canada

In value terms, wrapping papers production reduced slightly to $X in 2021 estimated in export price. Overall, production recorded a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Wrapping Papers Exports

Exports from Canada

In 2021, overseas shipments of wrapping paper, packaging paper and paperboard increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wrapping papers exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for wrapping papers exports from Canada, accounting for a X% share of total exports. Moreover, wrapping papers exports to the United States exceeded the volume sent to the second major destination, China (X tons), ninefold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Mexico (+X% per year).

In value terms, the United States ($X) remains the key foreign market for wrapping papers exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2021, 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: Mexico (-X% per year) and China (+X% per year).

Export Prices by Country

In 2021, the average wrapping papers export price amounted to $X per ton, which is down by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Wrapping Papers Imports

Imports into Canada

For the third year in a row, Canada recorded decline in purchases abroad of wrapping paper, packaging paper and paperboard, which decreased by -X% to X tons in 2021. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wrapping papers imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main wrapping papers supplier to Canada, accounting for a X% share of total imports. It was followed by Sweden (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and France (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of wrapping papers to Canada, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Sweden (+X% per year).

Import Prices by Country

In 2021, the average wrapping papers import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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