Canada: Fluoropolymers Market 2024

Fluoropolymers Market Size in Canada

In 2021, after three years of growth, there was decline in the Canadian fluoropolymers market, when its value decreased by -2.3% to $X. In general, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced modestly in the following year.

Fluoropolymers Production in Canada

In value terms, fluoropolymers production contracted to $X in 2021 estimated in export price. In general, production showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 60% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Fluoropolymers Exports

Exports from Canada

Fluoropolymers exports from Canada soared to X tons in 2021, growing by 27% on the previous year. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 234% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, fluoropolymers exports contracted rapidly to $X in 2021. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 241% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for fluoropolymers exports from Canada, accounting for a 78% share of total exports. Moreover, fluoropolymers exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Chile (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.7% per year) and Chile (+17.1% per year).

In value terms, the United States ($X) remains the key foreign market for fluoropolymers exports from Canada, comprising 85% of total exports. The second position in the ranking was taken by China ($X), with a 4.7% share of total exports. It was followed by Chile, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.0% per year) and Chile (+14.2% per year).

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2021, with a decrease of -39% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 the United States (-2.0%), while the prices for the other major destinations experienced a decline.

Fluoropolymers Imports

Imports into Canada

In 2021, purchases abroad of fluoropolymers increased by 18% to X tons, rising for the fourth year in a row after three years of decline. Overall, total imports indicated noticeable growth 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 +89.4% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 57%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, fluoropolymers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest fluoropolymers supplier to Canada, with a 62% share of total imports. Moreover, fluoropolymers imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+38.0% per year) and Japan (+60.5% per year).

In value terms, the United States ($X) constituted the largest supplier of fluoropolymers to Canada, comprising 67% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.5% share of total imports. It was followed by India, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+56.2% per year) and India (+27.8% per year).

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, increasing by 6.9% against the previous year. Overall, the import price, however, showed a mild setback. The growth pace was the most rapid in 2016 an increase of 24% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($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 (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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