Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada - 2024
Contents:
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada (CIF) - 2024
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada (FOB) - 2024
- Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada
- Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada (CIF) - 2024
In March 2024, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $2.4 per square meter, with a decrease of -16% against the previous month. In general, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in October 2023 an increase of 17% m-o-m. As a result, import price attained the peak level of $3.5 per square meter. From November 2023 to March 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the United States ($4.6 per square meter), while the price for India ($1.9 per square meter) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada (FOB) - 2024
In March 2024, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $4.7 per square meter, falling by -22.1% against the previous month. Overall, export price indicated slight growth from March 2023 to March 2024: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -22.1% against February 2024 indices. The pace of growth was the most pronounced in July 2023 when the average export price increased by 32% against the previous month. Over the period under review, the average export prices reached the maximum at $6.2 per square meter in August 2023; however, from September 2023 to March 2024, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In March 2024, the country with the highest price was the United States ($4.9 per square meter), while the average price for exports to Finland stood at $4.4 per square meter.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada
In 2022, after three years of growth, there was decline in purchases abroad of fabrics, woven; from strip or the like, of synthetic textile materialses, when their volume decreased by less than 0.1% to 168M square meters. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 43%. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses attained the peak figure at 168M square meters in 2021, and then contracted in the following year.
In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $64M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.6 | 10.2 | 19.9 | 21.2 | 30.2% |
| United States | 12.5 | 11.9 | 16.1 | 19.6 | 16.2% |
| China | 3.9 | 8.3 | 10.3 | 9.0 | 32.1% |
| Turkey | 1.2 | 1.6 | 2.8 | 3.5 | 42.9% |
| Saudi Arabia | 0.3 | 0.2 | 0.5 | 1.8 | 81.7% |
| Vietnam | 2.1 | 2.0 | 1.6 | 1.8 | -5.0% |
| United Arab Emirates | 2.0 | 1.6 | 1.8 | 0.2 | -53.6% |
| South Korea | 0.3 | 9.3 | 0.5 | 0.2 | -12.6% |
| Others | 4.8 | 3.3 | 6.5 | 6.7 | 11.8% |
| Total | 36.8 | 48.5 | 60.1 | 64.1 | 20.3% |
Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Canada in 2022:
- India (73.3M square meters)
- United States (35.2M square meters)
- China (32.5M square meters)
- Turkey (7.8M square meters)
- Vietnam (6.2M square meters)
- Saudi Arabia (4.8M square meters)
- South Korea (0.7M square meters)
- United Arab Emirates (0.5M square meters)
Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada
After two years of decline, shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses increased by 4.2% to 23M square meters in 2022. In general, exports, however, continue to indicate a deep contraction. The exports peaked at 32M square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses expanded notably to $11M in 2022. Over the period under review, exports, however, recorded a deep contraction. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at $14M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.3 | 11.0 | 7.6 | 8.4 | -11.9% |
| Finland | 1.8 | 1.4 | 2.5 | 1.9 | 1.8% |
| India | N/A | 0.2 | N/A | 0.3 | 22.5% |
| China | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 14.1 | 12.5 | 10.2 | 11.0 | -7.9% |
Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Canada in 2022:
- United States (18.1M square meters)
- Finland (3.1M square meters)
- India (0.9M square meters)
- China (0.7M square meters)
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