Canada: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Canada

For the fifth consecutive year, the Canadian complex fluorine salts market recorded growth in sales value, which increased by 0.1% to $X in 2021. In general, consumption saw a buoyant increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Complex Fluorine Salts Production in Canada

In value terms, complex fluorine salts production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 527% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Complex Fluorine Salts Exports

Exports from Canada

In 2021, complex fluorine salts exports from Canada soared to X tons, with an increase of 90% on 2020. Overall, exports, however, continue to indicate a perceptible curtailment. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for complex fluorine salts exports from Canada, with a 99% share of total exports. It was followed by Brazil (X tons), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-28.5% per year) and China (-60.3% per year).

In value terms, the United States ($X) remains the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from Canada, comprising 99% of total exports. The second position in the ranking was held by Brazil ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-26.5% per year) and China (-56.8% per year).

Export Prices by Country

In 2021, the average complex fluorine salts export price amounted to $X per ton, with a decrease of -10.7% against the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of 110%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($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 India (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Canada

In 2021, approx. X tons of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts were imported into Canada; surging by 50% on 2020 figures. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 66%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 +16.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of complex fluorine salts to Canada, accounting for a 65% share of total imports. Moreover, complex fluorine salts imports from Mexico exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by Norway (X tons), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+55.4% per year) and Norway (+474.6% per year).

In value terms, Mexico ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to Canada, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Norway, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+55.8% per year) and Norway (+529.3% per year).

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, dropping by -6.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+54.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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