Canada: Activated Carbon Market 2024

Activated Carbon Market Size in Canada

The Canadian activated carbon market rose significantly to $X in 2022, growing by 14% against the previous year. Overall, consumption, however, posted a buoyant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Activated Carbon Production in Canada

In value terms, activated carbon production rose significantly to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 335% against the previous year. Activated carbon production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Activated Carbon Exports

Exports from Canada

In 2022, overseas shipments of activated carbon increased by 39% to X tons, rising for the third year in a row after three years of decline. In general, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.2% against 2019 indices. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, activated carbon exports soared to $X in 2022. Over the period under review, exports, however, recorded a slight setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for activated carbon exports from Canada, with a 79% share of total exports. Moreover, activated carbon exports to the United States exceeded the volume sent to the second major destination, China (X tons), tenfold. The UK (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+50.6% per year) and the UK (+18.4% per year).

In value terms, the United States ($X) remains the key foreign market for activated carbon exports from Canada, comprising 65% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by the UK, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+53.0% per year) and the UK (+15.5% per year).

Export Prices by Country

The average activated carbon export price stood at $X per ton in 2022, dropping by -12.1% against the previous year. In general, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 29%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.6%), while the prices for the other major destinations experienced a decline.

Activated Carbon Imports

Imports into Canada

In 2022, imports of activated carbon into Canada expanded modestly to X tons, with an increase of 2.2% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 14% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, activated carbon imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest activated carbon supplier to Canada, accounting for a 49% share of total imports. Moreover, activated carbon imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.6% per year) and China (-3.3% per year).

In value terms, the United States ($X) constituted the largest supplier of activated carbon to Canada, comprising 52% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.9% per year) and China (+2.7% per year).

Import Prices by Country

In 2022, the average activated carbon import price amounted to $X per ton, surging by 22% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :