Canada: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Canada

The Canadian ferro-cerium and pyrophoric alloys market skyrocketed to $X in 2021, picking up by 62% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Canada

In 2021, the amount of ferro-cerium and pyrophoric alloys exported from Canada shrank markedly to X tons, falling by -34.2% compared with the previous year. Over the period under review, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 76% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, ferro-cerium and pyrophoric alloys exports contracted notably to $X in 2021. Overall, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Canada, with a 76% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.7% per year) and the Netherlands (+8.9% per year).

In value terms, the United States ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Canada, comprising 76% of total exports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total exports. It was followed by the Netherlands, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.2% per year) and the Netherlands (+8.4% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, rising by 9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Norway ($X per ton), while the average price for exports to Germany ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Canada

In 2021, after two years of decline, there was significant growth in overseas purchases of ferro-cerium and pyrophoric alloys, when their volume increased by 31% to X tons. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ireland (X tons) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Canada, accounting for a 55% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Ireland exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.6% per year) and the United States (-12.8% per year).

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Canada were Ireland ($X), China ($X) and the United States ($X), with a combined 69% share of total imports. These countries were followed by the UK, Poland, the Netherlands, the United Arab Emirates and Turkey, which together accounted for a further 25%.

Poland, with a CAGR of +155.5%, recorded 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 more modest paces of growth.

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, surging by 4.1% against the previous year. Overall, the import price, however, showed a mild descent. The pace of growth appeared the most rapid in 2019 an increase of 15%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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