Canada: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Canada

The Canadian activated natural mineral products market surged to $X in 2021, rising by 27% 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, however, recorded a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Activated Natural Mineral Products

Exports from Canada

In 2021, shipments abroad of activated natural mineral products decreased by -50% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 279% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then fell dramatically in the following year.

In value terms, activated natural mineral products exports reduced dramatically to $X in 2021. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 130% against the previous year. The exports peaked at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for activated natural mineral products exports from Canada, accounting for a 50% share of total exports. Moreover, activated natural mineral products exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+34.2% per year) and Malaysia (+48.1% per year).

In value terms, the United States ($X) remains the key foreign market for activated natural mineral products exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.4% share of total exports. It was followed by Malaysia, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+31.1% per year) and Malaysia (+49.6% per year).

Export Prices by Country

The average activated natural mineral products export price stood at $X per ton in 2021, increasing by 56% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports into Canada

In 2021, approx. X tons of activated natural mineral products were imported into Canada; growing by 14% compared with the previous year. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, activated natural mineral products imports soared to $X in 2021. Over the period under review, imports, however, showed a noticeable downturn. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of activated natural mineral products to Canada, accounting for a 76% share of total imports. Moreover, activated natural mineral products imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.5% per year) and Greece (-68.9% per year).

In value terms, the United States ($X) constituted the largest supplier of activated natural mineral products to Canada, comprising 74% of total imports. The second position in the ranking was held by Mexico ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.6% per year) and Greece (-62.0% per year).

Import Prices by Country

In 2021, the average activated natural mineral products import price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, activated natural mineral products import price increased by +72.0% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 55% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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