Canada: Cadmium Market 2024

Cadmium Market Size in Canada

The Canadian cadmium market contracted significantly to $X in 2022, waning by -22.8% against the previous year. Overall, consumption continues to indicate a noticeable descent. Cadmium consumption peaked at $X in 2021, and then shrank notably in the following year.

Cadmium Production in Canada

In value terms, cadmium production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Cadmium Exports

Exports from Canada

Cadmium exports from Canada skyrocketed to X tons in 2022, jumping by 19% against the previous year. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 79% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, cadmium exports reduced slightly to $X in 2022. Overall, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.4% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 55%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), China (X tons) and Belgium (X tons) were the main destinations of cadmium exports from Canada, with a combined 86% share of total exports. The United States, Israel and Germany lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +63.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cadmium exported from Canada were Sweden ($X), China ($X) and Israel ($X), with a combined 63% share of total exports. The United States, Belgium and Germany lagged somewhat behind, together comprising a further 33%.

Germany, with a CAGR of +46.4%, saw the highest rates of growth with regard to the value of exports, among 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 cadmium export price amounted to $X per ton, which is down by -16.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 88% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to China ($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 Germany (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cadmium Imports

Imports into Canada

In 2022, approx. X tons of cadmium and articles thereof were imported into Canada; remaining relatively unchanged against 2021. In general, imports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 218% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cadmium imports expanded remarkably to $X in 2022. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 143% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and the UK (X kg) were the main suppliers of cadmium imports to Canada, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +83.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cadmium suppliers to Canada were Germany ($X), the United States ($X) and China ($X), together comprising 98% of total imports.

Germany, with a CAGR of +73.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cadmium import price amounted to $X per ton, with an increase of 4.9% against the previous year. Overall, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 56% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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