Canada: Expanded Clays Market 2024

Expanded Clays Market Size in Canada

In 2021, the Canadian expanded clays market increased by 17% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.1% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Expanded Clays Production in Canada

In value terms, expanded clays production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.4% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 33%. Expanded clays production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Expanded Clays Exports

Exports from Canada

In 2021, overseas shipments of exfoliated vermiculite, expanded clays and foamed slag increased by 361% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, expanded clays exports surged to $X in 2021. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Peru (X tons) and Malaysia (X tons) were the main destinations of expanded clays exports from Canada, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +2,724.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expanded clays exported from Canada were the United States ($X), Peru ($X) and Malaysia ($X), together accounting for 99% of total exports.

Peru, with a CAGR of +2,962.4%, recorded the highest growth rate of 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 2021, the average expanded clays export price amounted to $X per ton, reducing by -12.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2013 an increase of 29%. The export price peaked at $X per ton in 2020, and then shrank in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Peru ($X per ton), while the average price for exports to the United States ($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 Peru (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Expanded Clays Imports

Imports into Canada

For the fourth year in a row, Canada recorded growth in purchases abroad of exfoliated vermiculite, expanded clays and foamed slag, which increased by 27% to X tons in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.0% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, expanded clays imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.9% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main expanded clays supplier to Canada, accounting for a 95% share of total imports. It was followed by Uganda (X tons), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +4.5%.

In value terms, the United States ($X) constituted the largest supplier of exfoliated vermiculite, expanded clays and foamed slag to Canada, comprising 94% of total imports. The second position in the ranking was held by Uganda ($X), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +5.5%.

Import Prices by Country

In 2021, the average expanded clays import price amounted to $X per ton, with a decrease of -3.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 9.4%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Uganda stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+4.8%).

Source: IndexBox Platform

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