Canada: Market for Antimony and Articles Thereof 2024

Market Size for Antimony and Articles Thereof in Canada

For the third year in a row, the Canadian antimony and articles thereof market recorded growth in sales value, which increased by 183% to $X in 2022. Over the period under review, consumption showed a resilient increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Antimony and Articles Thereof

Exports from Canada

In 2022, overseas shipments of antimony and articles thereof increased by 37% to X tons, rising for the fourth year in a row after two years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,389% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, antimony and articles thereof exports rose remarkably to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 1,347% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The UK (X tons) was the main destination for antimony and articles thereof exports from Canada, with a 84% share of total exports. Moreover, antimony and articles thereof exports to the UK exceeded the volume sent to the second major destination, China (X kg), more than tenfold. The third position in this ranking was taken by Ukraine (X kg), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Ukraine (+131.3% per year).

In value terms, the UK ($X), the United States ($X) and China ($X) were the largest markets for antimony and articles thereof exported from Canada worldwide, together comprising 96% of total exports. These countries were followed by Ukraine, which accounted for a further 3.4%.

Ukraine, with a CAGR of +141.7%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average antimony and articles thereof export price amounted to $X per ton, waning by -16.2% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 120%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Antimony and Articles Thereof

Imports into Canada

For the third year in a row, Canada recorded growth in overseas purchases of antimony and articles thereof, which increased by 187% to X tons in 2022. In general, imports continue to indicate a significant expansion. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, antimony and articles thereof imports skyrocketed to $X in 2022. Overall, imports enjoyed a strong increase. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of antimony and articles thereof to Canada, accounting for a 43% share of total imports. Moreover, antimony and articles thereof imports from the United States exceeded the figures recorded by the second-largest supplier, Oman (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+213.0% per year) and the UK (+21.9% per year).

In value terms, the United States ($X) constituted the largest supplier of antimony and articles thereof to Canada, comprising 43% of total imports. The second position in the ranking was held by Oman ($X), with a 19% share of total imports. It was followed by the UK, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +61.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+217.7% per year) and the UK (+18.8% per year).

Import Prices by Country

The average antimony and articles thereof import price stood at $X per ton in 2022, declining by -3.7% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 6.2%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Oman ($X per ton) and India ($X per ton), while the price for the UK ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform