Market for Natural Rubber And Gum in Canada
Market Overview
The Canadian natural rubber and gum market contracted notably to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt slump. Natural rubber and gum consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt slump. Natural rubber and gum consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of natural rubber and gums in Canada dropped remarkably to tons, with a decrease of -% against the previous year's figure. Overall, consumption saw a abrupt shrinkage. Natural rubber and gum consumption peaked at tons in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.
The size of the natural rubber and gum market in Canada contracted remarkably to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a deep contraction. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, consumption of natural rubber and gums in Canada dropped remarkably to tons, with a decrease of -% against the previous year's figure. Overall, consumption saw a abrupt shrinkage. Natural rubber and gum consumption peaked at tons in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.The size of the natural rubber and gum market in Canada contracted remarkably to $
in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a deep contraction. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for natural rubber and gum in Canada, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Natural rubber and gum market in Canada consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Canada relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Canada remains a net importer of natural rubber and gum; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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