Canada: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Canada

The Canadian market for compounds with other nitrogen function (excluding isocyanates) rose slightly to $X in 2022, increasing by 3.6% against the previous year. Over the period under review, consumption recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Canada

In value terms, compounds with other nitrogen function production declined significantly to $X in 2022 estimated in export price. In general, production, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2019 with an increase of 281%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Canada

After two years of growth, shipments abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -23.5% to X tons in 2022. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 220%. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, compounds with other nitrogen function exports reduced to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 122%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

South Korea (X tons), Japan (X tons) and China (X tons) were the main destinations of compounds with other nitrogen function exports from Canada, with a combined 71% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +156.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Canada, comprising 59% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+157.9% per year) and Japan (+65.6% per year).

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, growing by 18% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 102% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Canada

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were imported into Canada; growing by 121% compared with 2021. Over the period under review, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and the United States (X tons) were the main suppliers of compounds with other nitrogen function imports to Canada.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +18.6%).

In value terms, the largest compounds with other nitrogen function suppliers to Canada were China ($X) and the United States ($X).

In terms of the main suppliers, China, with a CAGR of +28.6%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, the import price recorded a perceptible increase. The pace of growth was the most pronounced in 2015 an increase of 84% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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