Canada: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Canada

The Canadian market for manganites, manganates and permanganates, molybdates and tungstates rose rapidly to $X in 2021, growing by 14% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.3% against 2018 indices. Manganites, manganates, molybdates and tungstates consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in Canada

In value terms, manganites, manganates, molybdates and tungstates production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. Manganites, manganates, molybdates and tungstates production peaked at $X in 2020, and then declined in the following year.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Canada

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were exported from Canada; growing by 47% compared with the previous year. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,990% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, manganites, manganates, molybdates and tungstates exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 9,245%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from Canada, accounting for a 92% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +18.2%.

In value terms, the United States ($X) remains the key foreign market for manganites, manganates and permanganates, molybdates and tungstates exports from Canada, comprising 99% of total exports. The second position in the ranking was held by Mexico ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +22.4%.

Export Prices by Country

The average export price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, jumping by 80% against the previous year. In general, the export price posted temperate growth. The pace of growth was the most pronounced in 2020 an increase of 347% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into Canada

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were imported into Canada; rising by 9.6% against the year before. In general, imports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports expanded markedly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest manganites, manganates, molybdates and tungstates supplier to Canada, with a 81% share of total imports. Moreover, manganites, manganates, molybdates and tungstates imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and India (+37.5% per year).

In value terms, the United States ($X) constituted the largest supplier of manganites, manganates and permanganates, molybdates and tungstates to Canada, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and India (+50.6% per year).

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, picking up by 4.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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