Canada: Abs Copolymers Market 2024

Abs Copolymers Market Size in Canada

In 2021, the Canadian ABS copolymers market increased by 31% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Abs Copolymers Production in Canada

In value terms, ABS copolymers production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 64%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Abs Copolymers Exports

Exports from Canada

In 2021, exports of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms from Canada rose sharply to X tons, with an increase of 5.5% on 2020. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 83% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, ABS copolymers exports expanded significantly to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 52% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Thailand (X tons) were the main destinations of ABS copolymers exports from Canada, together accounting for 70% of total exports. Malaysia, Singapore, Mexico and Australia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +164.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ABS copolymers exported from Canada were the United States ($X), China ($X) and Thailand ($X), together accounting for 73% of total exports. These countries were followed by Malaysia, Singapore, Mexico and Australia, which together accounted for a further 26%.

Among the main countries of destination, Malaysia, with a CAGR of +151.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ABS copolymers export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and Australia ($X per ton), while the average price for exports to Malaysia ($X per ton) and Singapore ($X per ton) were 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 (-0.2%), while the prices for the other major destinations experienced a decline.

Abs Copolymers Imports

Imports into Canada

In 2021, overseas purchases of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers imports soared to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of ABS copolymers imports to Canada, together accounting for 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the largest ABS copolymers suppliers to Canada, with a combined 93% share of total imports.

Taiwan (Chinese), with a CAGR of +20.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2021, picking up by 36% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and South Korea ($X per ton), while the price for the United States ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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