Canada: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Canada

The Canadian magnesium hydroxide and peroxide market reduced slightly to $X in 2022, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X, leveling off in the following year.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Canada

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were exported from Canada; shrinking by -54.2% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,382% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports fell sharply to $X in 2022. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 1,069% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for magnesium hydroxide and peroxide exports from Canada, accounting for a 80% share of total exports. Moreover, magnesium hydroxide and peroxide exports to the United States exceeded the volume sent to the second major destination, South Africa (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+12.5% per year) and Colombia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Canada, comprising 96% of total exports. The second position in the ranking was taken by Colombia ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and South Africa (+13.1% per year).

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, with an increase of 52% against the previous year. In general, the export price saw a strong expansion. The growth pace was the most rapid in 2017 when the average export price increased by 75% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 the United States (+7.0%).

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Canada

In 2022, purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 11% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of magnesium hydroxide and peroxide to Canada, accounting for a 88% share of total imports. Moreover, magnesium hydroxide and peroxide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Israel (X tons), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.6% per year) and Israel (+6.3% per year).

In value terms, the United States ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Canada, comprising 55% of total imports. The second position in the ranking was taken by Israel ($X), with an 18% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+18.7% per year) and China (+9.3% per year).

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, shrinking by -2.5% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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