Canada: Alcohols Market 2021

Alcohols Market Size in Canada

In 2020, the Canadian alcohols market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. In general, the total consumption indicated a mild increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Alcohols consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Canada

In value terms, alcohols production declined rapidly to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Alcohols production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Alcohols Exports

Exports from Canada

In 2020, exports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives from Canada declined slightly to X tons, waning by -X% against 2019 figures. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Exports peaked at X tons in 2019, and then reduced slightly in the following year.

In value terms, alcohols exports reduced sharply to $X in 2020. In general, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the U.S. (X tons) and Singapore (X tons) were the main destinations of alcohols exports from Canada, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (+X% per year), while exports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the U.S. ($X) and Singapore ($X) appeared to be the largest markets for alcohols exported from Canada worldwide, together accounting for X% of total exports.

Singapore (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Canada

In 2020, supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, alcohols imports rose to $X in 2020. Overall, imports showed a perceptible decrease. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tons), Trinidad and Tobago (X tons) and Venezuela (X tons) were the main suppliers of alcohols imports to Canada, with a combined X% share of total imports. These countries were followed by Equatorial Guinea, China, Indonesia and Malaysia, which together accounted for a further X 2007 to 2020, the biggest increases were in Equatorial Guinea (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of alcohols to Canada, comprising X% of total imports. The second position in the ranking was occupied by Trinidad and Tobago ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Trinidad and Tobago (-X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Equatorial Guinea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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