Canada: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Canada

The Canadian market for inorganic oxygen compounds of non-metals dropped markedly to $X in 2021, waning by -23% against the previous year. Over the period under review, consumption, however, enjoyed strong growth. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Canada

In value terms, inorganic oxygen compounds of non-metals production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 103% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Canada

In 2021, shipments abroad of inorganic oxygen compounds of non-metals decreased by -5.5% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 29%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals exports dropped notably to $X in 2021. In general, exports, however, saw modest growth. The pace of growth was the most pronounced in 2017 when exports increased by 102% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Canada, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -10.6%.

In value terms, the United States ($X) also remains the key foreign market for inorganic oxygen compounds of non-metals exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +1.8%.

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, shrinking by -19.7% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 66%. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +13.8% per year.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Canada

In 2021, approx. X tons of inorganic oxygen compounds of non-metals were imported into Canada; growing by 18% against the year before. Over the period under review, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by 48% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals imports soared to $X in 2021. In general, imports, however, saw a slight decline. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Canada, accounting for a 81% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. Austria (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+86.8% per year) and Austria (+7.7% per year).

In value terms, Belgium ($X), the United States ($X) and Austria ($X) were the largest inorganic oxygen compounds of non-metals suppliers to Canada, with a combined 55% share of total imports. China and Hungary lagged somewhat behind, together comprising a further 9.1%.

China, with a CAGR of +72.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 83%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 Belgium ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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