Canada: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Canada

The Canadian antimony ore and concentrate market declined to $X in 2021, shrinking by -3.5% against the previous year. In general, consumption saw a noticeable decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Antimony Ores and Concentrates in Canada

In value terms, antimony ore and concentrate production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 837%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Antimony Ores and Concentrates

Exports from Canada

In 2021, shipments abroad of antimony ores and concentrates decreased by -65.7% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 7,310%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, antimony ore and concentrate exports dropped rapidly to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 14,801% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for antimony ore and concentrate exports from Canada, with a 70% share of total exports. Moreover, antimony ore and concentrate exports to India exceeded the volume sent to the second major destination, Oman (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +297.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-47.1% per year) and Cuba (+8.5% per year).

In value terms, India ($X) emerged as the key foreign market for antimony ores and concentrates exports from Canada, comprising 80% of total exports. The second position in the ranking was taken by Oman ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India stood at +322.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-56.4% per year) and Cuba (+9.0% per year).

Export Prices by Country

The average antimony ore and concentrate export price stood at $X per ton in 2021, with an increase of 38% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 429%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Cuba ($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 China (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Antimony Ores and Concentrates

Imports into Canada

In 2021, imports of antimony ores and concentrates into Canada surged to X tons, growing by 437% compared with the previous year's figure. Overall, imports, however, recorded a perceptible downturn. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, antimony ore and concentrate imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of antimony ore and concentrate to Canada, accounting for a 82% share of total imports. Moreover, antimony ore and concentrate imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand was relatively modest.

In value terms, Thailand ($X) constituted the largest supplier of antimony ores and concentrates to Canada, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand was relatively modest.

Import Prices by Country

The average antimony ore and concentrate import price stood at $X per ton in 2021, with an increase of 7% against the previous year. Overall, the import price, however, showed a noticeable setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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