Canada: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Canada

In 2021, the Canadian amine-function compounds market increased by 9.8% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a mild downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Amine-Function Compounds Production in Canada

In value terms, amine-function compounds production rose rapidly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Amine-Function Compounds Exports

Exports from Canada

In 2021, overseas shipments of amine-function compounds increased by 33% to X tons, rising for the third year in a row after three years of decline. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +101.2% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 44% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, amine-function compounds exports surged to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main destinations of amine-function compounds exports from Canada, with a combined 58% share of total exports. These countries were followed by Taiwan (Chinese), Japan, the Netherlands, South Korea and Thailand, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +76.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest markets for amine-function compounds exported from Canada worldwide, with a combined 70% share of total exports. These countries were followed by Japan, the Netherlands, Taiwan (Chinese), South Korea and Thailand, which together accounted for a further 23%.

The Netherlands, with a CAGR of +67.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, surging by 5.5% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 42%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 United States (+1.7%), while the prices for the other major destinations experienced a decline.

Amine-Function Compounds Imports

Imports into Canada

In 2021, purchases abroad of amine-function compounds increased by 38% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest amine-function compounds supplier to Canada, accounting for a 89% share of total imports. Moreover, amine-function compounds imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -1.3%.

In value terms, the United States ($X) constituted the largest supplier of amine-function compounds to Canada, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 5.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.4%).

Source: IndexBox Platform

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