Canada: Aniline Market 2024

Aniline Market Size in Canada

For the third consecutive year, the Canadian aniline market recorded decline in sales value, which decreased by -71.1% to $X in 2021. Over the period under review, consumption recorded a abrupt descent. Aniline consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aniline Production in Canada

In value terms, aniline production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 26%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Aniline Exports

Exports from Canada

Aniline exports from Canada skyrocketed to X tons in 2021, increasing by 106% on 2020 figures. In general, exports recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by 361%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, aniline exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 381% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Sweden (X tons), China (X tons) and the UK (X tons) were the main destinations of aniline exports from Canada, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +169.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and the UK ($X) constituted the largest markets for aniline exported from Canada worldwide, together comprising 71% of total exports. South Korea, Italy and Hong Kong SAR lagged somewhat behind, together accounting for a further 29%.

South Korea, with a CAGR of +135.8%, 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 aniline export price stood at $X per ton in 2021, surging by 9.6% against the previous year. Over the period under review, the export price, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and South Korea ($X per ton), while the average price for exports to the UK ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aniline Imports

Imports into Canada

In 2021, overseas purchases of aniline and its salts (excluding derivatives) decreased by -60.1% to X kg, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2019 with an increase of 193% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, aniline imports contracted significantly to $X in 2021. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 229% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X kg) constituted the largest supplier of aniline to Canada, accounting for a 73% share of total imports. Moreover, aniline imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), sixfold. The third position in this ranking was held by the UK (X kg), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-40.4% per year) and the UK (-29.5% per year).

In value terms, the United States ($X) constituted the largest supplier of aniline and its salts (excluding derivatives) to Canada, comprising 71% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the UK, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.0% per year) and the UK (+1.2% per year).

Import Prices by Country

The average aniline import price stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 an increase of 868% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then shrank slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Switzerland ($X per ton) and China ($X per ton), while the price for Portugal ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+77.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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