Canada: Cadmium Market 2024

Cadmium Market Size in Canada

In 2022, the Canadian cadmium market increased by 518% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cadmium Production in Canada

In value terms, cadmium production dropped to $X in 2022 estimated in export price. Over the period under review, production posted measured growth. The most prominent rate of growth was recorded in 2016 with an increase of 114%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cadmium Exports

Exports from Canada

After two years of growth, overseas shipments of cadmium decreased by -6.9% to X tons in 2021. In general, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cadmium exports contracted to $X in 2021. Overall, exports saw a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of 53% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Sweden (X tons) and Hong Kong SAR (X tons) were the main destinations of cadmium exports from Canada, together comprising 88% of total exports. Belgium, the United States and Germany lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +28.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cadmium exported from Canada were China ($X), Sweden ($X) and Hong Kong SAR ($X), together comprising 80% of total exports. Germany, Belgium and the United States lagged somewhat behind, together comprising a further 19%.

Germany, with a CAGR of +41.4%, saw the highest growth rate of the value of exports, in terms of 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

The average cadmium export price stood at $X per ton in 2021, reducing by -6.5% against the previous year. In general, the export price showed a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 90%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hong Kong SAR ($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 Germany (+9.8%), while the prices for the other major destinations experienced a decline.

Cadmium Imports

Imports into Canada

In 2021, the amount of cadmium imported into Canada reduced to X tons, which is down by -9.9% compared with 2020 figures. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 282% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, cadmium imports dropped dramatically to $X in 2021. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell remarkably in the following year.

Imports by Country

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

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +133.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Australia (-35.0% per year).

In value terms, Germany ($X) constituted the largest supplier of cadmium to Canada, comprising 84% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +93.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.2% per year) and Australia (-23.4% per year).

Import Prices by Country

In 2021, the average cadmium import price amounted to $X per ton, waning by -15.7% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 87% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+17.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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