Canada: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Canada

In 2022, the Canadian halogenated hydrocarbon derivative market increased by 25% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.9% against 2020 indices. Halogenated hydrocarbon derivative consumption peaked in 2022 and is expected to retain growth in the near future.

Halogenated Hydrocarbon Derivative Exports

Exports from Canada

In 2022, overseas shipments of halogenated derivatives of hydrocarbons were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a sharp descent. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for halogenated hydrocarbon derivative exports from Canada, with a 49% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Saudi Arabia exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled +51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.7% per year) and Austria (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from Canada, comprising 60% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 26% share of total exports. It was followed by Austria, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+55.5% per year) and Austria (0.0% per year).

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, with a decrease of -28.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Halogenated Hydrocarbon Derivative Imports

Imports into Canada

In 2022, purchases abroad of halogenated derivatives of hydrocarbons increased by 3.6% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 21%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports skyrocketed to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main halogenated hydrocarbon derivative supplier to Canada, with a 97% share of total imports. It was followed by China (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Canada, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +2.9%.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, increasing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%).

Source: IndexBox Platform

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