Report Update Nov 1, 2024

Canada - Nitrogen - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Nitrogen Market 2024

Nitrogen Market Size in Canada

The Canadian nitrogen market expanded markedly to $X in 2021, growing by 6.2% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Nitrogen consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Nitrogen Production in Canada

In value terms, nitrogen production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Nitrogen Exports

Exports from Canada

In 2021, approx. X cubic meters of nitrogen were exported from Canada; reducing by -8% against 2020 figures. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 118% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2020, and then reduced in the following year.

In value terms, nitrogen exports declined slightly to $X in 2021. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2013 when exports increased by 111%. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

The United States (X cubic meters) was the main destination for nitrogen exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +19.2%.

In value terms, the United States ($X) also remains the key foreign market for nitrogen exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +16.3%.

Export Prices by Country

The average nitrogen export price stood at $X per thousand cubic meters in 2021, surging by 6.3% against the previous year. In general, the export price, however, recorded a pronounced downturn. Over the period under review, the average export prices hit record highs at $X per thousand cubic meters in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Italy amounted to +0.8% per year.

Nitrogen Imports

Imports into Canada

In 2021, supplies from abroad of nitrogen was finally on the rise to reach X cubic meters after three years of decline. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 29%. As a result, imports attained the peak of X cubic meters. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, nitrogen imports expanded to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X cubic meters) was the main supplier of nitrogen to Canada, accounting for a 97% share of total imports. It was followed by China (X cubic meters), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +1.3%.

In value terms, the United States ($X) constituted the largest supplier of nitrogen to Canada, comprising 92% of total imports. The second position in the ranking was held by China ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

In 2021, the average nitrogen import price amounted to $X per thousand cubic meters, dropping by -12.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 6.4%. The import price peaked at $X per thousand cubic meters in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per thousand cubic meters), while the price for the United States amounted to $X per thousand cubic meters.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrogen in the world?

The country with the largest volume of nitrogen consumption was China, accounting for 19% of total volume. Moreover, nitrogen consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the largest producers of nitrogen in the world?

China constituted the country with the largest volume of nitrogen production, accounting for 19% of total volume. Moreover, nitrogen production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of nitrogen to Canada?

In value terms, the United States constituted the largest supplier of nitrogen to Canada, comprising 92% of total imports. The second position in the ranking was occupied by China, with a 5.4% share of total imports.

What are the leading importers of nitrogen from Canada?

In value terms, the United States remains the key foreign market for nitrogen exports from Canada.

What is the average export price for nitrogen in Canada?

The average nitrogen export price stood at $69 per thousand cubic meters in 2021, growing by 6.3% against the previous year.

What is the average import price for nitrogen in Canada?

In 2021, the average nitrogen import price amounted to $83 per thousand cubic meters, shrinking by -12.4% against the previous year.

This report provides an in-depth analysis of the nitrogen market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111160 - Nitrogen

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023