Canada: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Canada

In 2021, the Canadian bituminous mixtures market increased by 22% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Bituminous Mixtures Production in Canada

In value terms, bituminous mixtures production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 41%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Bituminous Mixtures Exports

Exports from Canada

In 2021, approx. X tons of bituminous mixtures were exported from Canada; growing by 24% compared with the year before. Over the period under review, exports saw a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 24%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, bituminous mixtures exports soared to $X in 2021. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for bituminous mixtures exports from Canada, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +14.9%.

In value terms, the United States ($X) also remains the key foreign market for bituminous mixtures exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +11.4%.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, rising by 4.5% against the previous year. Overall, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2018 an increase of 17%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -3.1% per year.

Bituminous Mixtures Imports

Imports into Canada

In 2021, approx. X tons of bituminous mixtures were imported into Canada; which is down by -6.1% on the previous year. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports rose sharply to $X in 2021. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest bituminous mixtures supplier to Canada, with a 87% share of total imports. Moreover, bituminous mixtures imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -12.6%.

In value terms, the United States ($X) constituted the largest supplier of bituminous mixtures to Canada, comprising 89% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -8.9%.

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, with an increase of 16% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bituminous mixtures import price increased by +121.7% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 60% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :