Canada: Amino-Resin Market 2024

Amino-Resin Market Size in Canada

In 2022, the Canadian amino-resin market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. Amino-resin consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Amino-Resin Production in Canada

In value terms, amino-resin production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Amino-resin production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Amino-Resin Exports

Exports from Canada

In 2022, approx. X tons of amino-resins, phenolic resins and polyurethanes (in primary forms) were exported from Canada; reducing by X% on the year before. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for amino-resin exports from Canada, with a X% share of total exports. It was followed by South Korea (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Canada, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Amino-Resin Imports

Imports into Canada

Amino-resin imports into Canada fell slightly to X tons in 2022, standing approx. at the previous year's figure. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, amino-resin imports surged to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of amino-resin to Canada, with a X% share of total imports. Moreover, amino-resin imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

In value terms, the United States ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Canada, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :