Canada: Cement Clinker Market 2024

Cement Clinker Market Size in Canada

The Canadian cement clinker market was estimated at $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Cement Clinker Production in Canada

In value terms, cement clinker production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 40% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Cement Clinker Exports

Exports from Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of cement clinker, when their volume decreased by -9.9% to X tons. Overall, exports showed a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of 11%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement clinker exports shrank to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.4% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 72%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cement clinker exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -1.2%.

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled +3.5%.

Export Prices by Country

In 2022, the average cement clinker export price amounted to $X per ton, with an increase of 1.6% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 71%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.7% per year.

Cement Clinker Imports

Imports into Canada

In 2022, cement clinker imports into Canada surged to X tons, jumping by 52% on 2021. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 616% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, cement clinker imports skyrocketed to $X in 2022. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 164%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of cement clinker to Canada, accounting for a 68% share of total imports. Moreover, cement clinker imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.4% per year) and China (-51.1% per year).

In value terms, Turkey ($X), the United States ($X) and China ($X) were the largest cement clinker suppliers to Canada, together accounting for 100% of total imports.

The United States, with a CAGR of +24.7%, saw the highest growth rate of the value of imports, among 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 cement clinker import price amounted to $X per ton, with an increase of 29% against the previous year. Over the period under review, the import price showed a notable increase. The pace of growth appeared the most rapid in 2019 an increase of 176%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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