Canada: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Canada

In 2021, the Canadian aromatic hydrocarbons derivatives market increased by 8.5% to $X, rising for the second consecutive year after three years of decline. Overall, consumption saw buoyant growth. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Aromatic Hydrocarbons Derivatives Production in Canada

In value terms, aromatic hydrocarbons derivatives production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 91% against the previous year. Aromatic hydrocarbons derivatives production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Aromatic Hydrocarbons Derivatives Exports

Exports from Canada

After four years of growth, shipments abroad of halogenated derivatives of aromatic hydrocarbons decreased by -61.8% to X tons in 2021. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 89% against the previous year. As a result, the exports attained the peak of X tons, and then reduced notably in the following year.

In value terms, aromatic hydrocarbons derivatives exports declined markedly to $X in 2021. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 55% against the previous year. 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 aromatic hydrocarbons derivatives exports from Canada, accounting for a 55% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+75.4% per year) and Hong Kong SAR (+101.3% per year).

In value terms, the United States ($X) remains the key foreign market for halogenated derivatives of aromatic hydrocarbons exports from Canada, comprising 82% of total exports. The second position in the ranking was held by China ($X), with a 5% share of total exports. It was followed by Hong Kong SAR, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+47.5% per year) and Hong Kong SAR (+41.2% per year).

Export Prices by Country

In 2021, the average aromatic hydrocarbons derivatives export price amounted to $X per ton, rising by 58% against the previous year. Overall, the export price, however, saw a abrupt decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Chile ($X per ton), while the average price for exports to Germany ($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 Trinidad and Tobago (-1.9%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbons Derivatives Imports

Imports into Canada

In 2021, purchases abroad of halogenated derivatives of aromatic hydrocarbons was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2018 with an increase of 95% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives imports skyrocketed to $X in 2021. Overall, imports, however, saw a noticeable decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest aromatic hydrocarbons derivatives supplier to Canada, with a 76% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. India (X tons) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.7% per year) and India (-24.1% per year).

In value terms, the largest aromatic hydrocarbons derivatives suppliers to Canada were China ($X), the United States ($X) and India ($X), together comprising 92% of total imports.

Among the main suppliers, the United States, with a CAGR of +0.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, falling by -7.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 146%. The import price peaked at $X per ton in 2016; however, from 2017 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 Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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