Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada - 2024
Contents:
- Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada (CIF) - 2024
- Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada (FOB) - 2024
- Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada
- Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada
Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada (CIF) - 2024
The average import price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $2.6 per square meter in March 2024, picking up by 10% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 29% against the previous month. Over the period under review, average import prices attained the peak figure at $2.6 per square meter in May 2023; afterwards, it flattened through to March 2024.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to +0.8% per month.
Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada (FOB) - 2024
In March 2024, the average export price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $2.5 per square meter, growing by 9.4% against the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices hit record highs in March 2024.
Average prices varied noticeably for the major external markets. In March 2024, the country with the highest price was China ($3.0 per square meter), while the average price for exports to the United States amounted to $2.5 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 (+1.2%).
Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada
In 2022, approx. 32M square meters of textile fabrics, rubberised; other than those of heading no. 5902s were imported into Canada; increasing by 3.4% against the year before. Overall, imports, however, showed a noticeable decline. Over the period under review, imports of hit record highs at 35M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s soared to $62M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 50.6 | 45.1 | 43.0 | 50.0 | -0.4% |
| China | 4.7 | 3.4 | 5.0 | 5.9 | 7.9% |
| Others | 4.2 | 4.0 | 5.7 | 6.3 | 14.5% |
| Total | 59.6 | 52.5 | 53.8 | 62.3 | 1.5% |
Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Canada in 2022:
- United States (26.5M square meters)
- China (3.3M square meters)
Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada
After three years of growth, shipments abroad of textile fabrics, rubberised; other than those of heading no. 5902s decreased by -0.8% to 22M square meters in 2022. The total export volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. Over the period under review, the exports of reached the peak figure at 22M square meters in 2021, and then fell slightly in the following year.
In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s stood at $53M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 42%. As a result, the exports attained the peak of $58M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.7 | 52.3 | 47.7 | 45.9 | 7.7% |
| Germany | 0.1 | 0.4 | 0.5 | 1.1 | 122.4% |
| Japan | 0.4 | 1.5 | 0.6 | 0.8 | 26.0% |
| Senegal | N/A | N/A | N/A | 0.6 | 0% |
| Others | 3.7 | 3.8 | 3.4 | 4.2 | 4.3% |
| Total | 40.9 | 58.1 | 52.1 | 52.6 | 8.7% |
Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Canada in 2022:
- United States (20.2M square meters)
- Japan (0.4M square meters)
- Senegal (0.3M square meters)
- Germany (0.3M square meters)
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