Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada (CIF) - 2022
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada (FOB) - 2023
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada (CIF) - 2022

In 2022, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $4,670 per ton, growing by 5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21%. The import price peaked at $5,522 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($5,236 per ton), while the price for Turkey ($831 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 (+1.5%), while the prices for the other major suppliers experienced a decline.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada (FOB) - 2023

In October 2023, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $6,411 per ton, rising by 2.5% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 9.5% month-to-month. As a result, the export price reached the peak level of $6,857 per ton. From August 2023 to October 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the United States ($6,591 per ton), while the average price for exports to Australia ($4,192 per ton) was amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada

For the third year in a row, Canada recorded decline in overseas purchases of felt; whether or not impregnated, coated, covered or laminateds, which decreased by -8.3% to 9.4K tons in 2022. Overall, imports continue to indicate a drastic downturn. The smallest decline of -7.2% was in 2021.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds reduced modestly to $44M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13%. As a result, imports attained the peak of $46M, and then shrank in the following year.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Canada in 2022:

1. United States (7.2K tons)
2. China (1.3K tons)
3. Turkey (0.3K tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Canada

In 2022, the amount of felt; whether or not impregnated, coated, covered or laminateds exported from Canada declined to 6.7K tons, waning by -5.4% against the previous year. Over the period under review, exports showed a abrupt slump. The smallest decline of -1.5% was in 2021.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds expanded to $40M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.7% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Canada in 2022:

1. United States (6.1K tons)
2. Mexico (0.4K tons)

Source: IndexBox Market Intelligence Platform