Canada: Bismuth Market 2022

Bismuth Market Size in Canada

The Canadian bismuth market declined rapidly to $X in 2021, shrinking by -23.5% against the previous year. Over the period under review, consumption saw a noticeable decline. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Bismuth Production in Canada

In value terms, bismuth production dropped slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bismuth Exports

Exports from Canada

In 2021, approx. X tons of bismuth were exported from Canada; dropping by -14.9% compared with 2020. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 116% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bismuth exports reduced rapidly to $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 48% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for bismuth exports from Canada, with a 84% share of total exports. Moreover, bismuth exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was held by Lao People's Democratic Republic (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +67.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.8% per year) and Lao People's Democratic Republic (+100.6% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for bismuth exports from Canada, comprising 66% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Lao People's Democratic Republic, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at +62.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.3% per year) and Lao People's Democratic Republic (+269.6% per year).

Export Prices by Country

The average bismuth export price stood at $X per ton in 2021, reducing by -1.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 183%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Hong Kong SAR ($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 Lao People's Democratic Republic (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bismuth Imports

Imports into Canada

In 2021, approx. X tons of bismuth were imported into Canada; which is down by -23.8% against 2020 figures. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 82%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bismuth imports declined dramatically to $X in 2021. In general, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 93%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of bismuth to Canada, accounting for a 57% share of total imports. Moreover, bismuth imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.3% per year) and Mexico (+38.9% per year).

In value terms, the United States ($X) constituted the largest supplier of bismuth to Canada, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.6% per year) and Mexico (+39.5% per year).

Import Prices by Country

In 2021, the average bismuth import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 15%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and Belgium ($X per ton), while the price for South Korea ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+21.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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