Canada: Alkali Metals Market 2024

Alkali Metals Market Size in Canada

The Canadian alkali metals market skyrocketed to $X in 2021, jumping by 46% 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). In general, consumption enjoyed a buoyant increase. Alkali metals consumption peaked in 2021 and is expected to retain growth in the immediate term.

Alkali Metals Exports

Exports from Canada

After two years of decline, shipments abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury increased by 47% to X tons in 2021. In general, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 114% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, alkali metals exports surged to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 101%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for alkali metals exports from Canada, accounting for a 63% share of total exports. Moreover, alkali metals exports to the United States exceeded the volume sent to the second major destination, Ireland (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and the Netherlands (-19.3% per year).

In value terms, the United States ($X) remains the key foreign market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports from Canada, comprising 73% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.8% share of total exports. It was followed by Costa Rica, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-10.9% per year) and Costa Rica (0.0% per year).

Export Prices by Country

The average alkali metals export price stood at $X per ton in 2021, reducing by -7.6% against the previous year. Overall, the export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Ireland ($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 the Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Alkali Metals Imports

Imports into Canada

In 2021, imports of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury into Canada skyrocketed to X tons, rising by 21% against 2020. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 81%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, alkali metals imports surged to $X in 2021. Overall, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, 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

The United States (X tons), China (X tons) and France (X tons) were the main suppliers of alkali metals imports to Canada, together accounting for 93% of total imports. These countries were followed by South Korea and Mexico, which together accounted for a further 5.6%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +81.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury to Canada, comprising 55% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and South Korea (+65.9% per year).

Import Prices by Country

In 2021, the average alkali metals import price amounted to $X per ton, rising by 80% against the previous year. Over the period under review, the import price, however, faced a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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