Canada: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Canada

In 2021, the Canadian double or complex silicates market decreased by -62.2% to $X, falling for the fifth year in a row after five years of growth. In general, consumption saw a deep downturn. Double or complex silicates consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Double Or Complex Silicates in Canada

In value terms, double or complex silicates production rose modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2015 when the production volume increased by 99.9%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Double Or Complex Silicates

Exports from Canada

In 2021, the amount of double or complex silicates exported from Canada surged to X tons, growing by 688% against the previous year. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 873%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, double or complex silicates exports surged to $X in 2021. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for double or complex silicates exports from Canada, with a 100% share of total exports. It was followed by Germany (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +113.5%.

In value terms, the United States ($X) remains the key foreign market for double or complex silicates exports from Canada, comprising 100% of total exports. The second position in the ranking was held by Germany ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +117.5%.

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, surging by 28% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth was the most pronounced in 2017 an increase of 215%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%).

Imports of Double Or Complex Silicates

Imports into Canada

In 2021, the amount of double or complex silicates imported into Canada surged to X tons, jumping by 28% compared with 2020 figures. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 80% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, double or complex silicates imports surged to $X in 2021. Overall, imports recorded strong growth. The growth pace was the most rapid in 2014 with an increase of 84% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of double or complex silicates to Canada, with a 60% share of total imports. Moreover, double or complex silicates imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Denmark (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+36.7% per year) and Denmark (+41.2% per year).

In value terms, the United States ($X) constituted the largest supplier of double or complex silicates to Canada, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Denmark, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.0% per year) and Denmark (+37.5% per year).

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, with an increase of 5.3% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates import price increased by +31.8% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 32%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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