Canada: Asbestos Market 2022

Asbestos Market Size in Canada

The Canadian asbestos market fell markedly to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2013 to 2020, the growth of the market remained at a lower figure.

Asbestos Production in Canada

In value terms, asbestos production shrank dramatically to $X in 2020 estimated in export prices. Overall, production showed a dramatic descent. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

Asbestos Exports

Exports from Canada

In 2020, overseas shipments of asbestos decreased by -X% to X tons, falling for the twelfth year in a row after two years of growth. In general, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports failed to regain the momentum.

In value terms, asbestos exports declined to $X in 2020. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for asbestos exports from Canada, with a X% share of total exports. Moreover, asbestos exports to Indonesia exceeded the volume sent to the second major destination, Colombia (X tons), twofold. India (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Indonesia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-X% per year) and India (-X% per year).

In value terms, Indonesia ($X) remains the key foreign market for asbestos exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Indonesia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-X% per year) and India (-X% per year).

Export Prices by Country

In 2020, the average asbestos export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced a decline.

Asbestos Imports

Imports into Canada

In 2020, overseas purchases of asbestos decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, asbestos imports shrank notably to $X in 2020. Overall, imports faced a sharp downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2020, the U.S. (X tons) was the main supplier of asbestos to Canada, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to +X%.

In value terms, the U.S. ($X) constituted the largest supplier of asbestos to Canada.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at -X%.

Import Prices by Country

In 2020, the average asbestos import price amounted to $X per ton, dropping by -X% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox Platform

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