Report Update Nov 1, 2024

Canada - Alkyd Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Alkyd Resins Market 2024

Alkyd Resins Market Size in Canada

The Canadian alkyd resins market soared to $X in 2022, increasing by 21% 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). Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.0% against 2015 indices. Alkyd resins consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Alkyd Resins Exports

Exports from Canada

In 2022, shipments abroad of alkyd resins in primary forms increased by 231% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports soared to $X in 2022. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for alkyd resins exports from Canada, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -8.7%.

In value terms, the United States ($X) also remains the key foreign market for alkyd resins in primary forms exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -13.0%.

Export Prices by Country

In 2022, the average alkyd resins export price amounted to $X per ton, dropping by -3.6% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -4.7% per year.

Alkyd Resins Imports

Imports into Canada

In 2022, overseas purchases of alkyd resins in primary forms were finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 11% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, alkyd resins imports surged to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.0% against 2016 indices. As a result, imports attained 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 alkyd resins supplier to Canada, accounting for a 89% share of total imports. Moreover, alkyd resins imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -2.8%.

In value terms, the United States ($X) constituted the largest supplier of alkyd resins in primary forms to Canada, comprising 90% of total imports. The second position in the ranking was held by Brazil ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +1.8%.

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, growing by 32% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alkyd resins import price increased by +52.1% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alkyd resins in primary forms in the world?

China remains the largest alkyd resins consuming country worldwide, accounting for 23% of total volume. Moreover, alkyd resins consumption in China exceeded the figures recorded by the second-largest consumer, Germany, twofold. The United States ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of alkyd resins in primary forms in the world?

China constituted the country with the largest volume of alkyd resins production, accounting for 23% of total volume. Moreover, alkyd resins production in China exceeded the figures recorded by the second-largest producer, Germany, twofold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of alkyd resins in primary forms to Canada?

In value terms, the United States constituted the largest supplier of alkyd resins to Canada, comprising 93% of total imports. The second position in the ranking was occupied by Austria, with a 2.9% share of total imports.

What are the leading importers of alkyd resins in primary forms from Canada?

In value terms, the United States remains the key foreign market for alkyd resins exports from Canada, comprising 88% of total exports. The second position in the ranking was occupied by Brazil, with a 5.6% share of total exports.

What is the average export price for alkyd resins in primary forms in Canada?

In 2021, the average alkyd resins export price amounted to $1,181 per ton, which is down by -23.6% against the previous year.

What is the average import price for alkyd resins in primary forms in Canada?

In 2021, the average alkyd resins import price amounted to $3,013 per ton, growing by 16% against the previous year.

This report provides an in-depth analysis of the alkyd resins market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20164050 - Alkyd resins, in primary forms

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023