Canada: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Canada

In 2021, the Canadian acyclic hydrocarbons derivatives market decreased by -5% to $X, falling for the third consecutive year after three years of growth. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.8% against 2018 indices. Acyclic hydrocarbons derivatives consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Canada

In 2021, acyclic hydrocarbons derivatives exports from Canada dropped to X tons, approximately reflecting the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 1,114% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports reduced sharply to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 506%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Canada, accounting for a 43% share of total exports. Moreover, acyclic hydrocarbons derivatives exports to the United States exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and the UK (+84.6% per year).

In value terms, the United States ($X) remains the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Canada, comprising 83% of total exports. The second position in the ranking was held by Indonesia ($X), with a 5.4% share of total exports. It was followed by the UK, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and the UK (+60.9% per year).

Export Prices by Country

In 2021, the average acyclic hydrocarbons derivatives export price amounted to $X per ton, reducing by -19.9% against the previous year. Over the period under review, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 125% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-2.4%), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Derivatives Imports

Imports into Canada

In 2021, purchases abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by -4.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2017 with an increase of 46%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons derivatives imports reduced slightly to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 decreased by -20.1% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of acyclic hydrocarbons derivatives to Canada, with a 76% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and France (+1.6% per year).

In value terms, the United States ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Canada, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.6% per year) and France (+2.5% per year).

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2021, approximately reflecting the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acyclic hydrocarbons derivatives import price decreased by -0.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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