Canada: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Canada

The Canadian x-ray examination preparations market shrank notably to $X in 2022, with a decrease of -17.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. X-ray examination preparations consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

X-Ray Examination Preparations Production in Canada

In value terms, x-ray examination preparations production dropped to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 51% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

X-Ray Examination Preparations Exports

Exports from Canada

In 2022, approx. X tons of opacifying preparations for x-ray examinations were exported from Canada; increasing by 85% on the year before. Over the period under review, exports enjoyed measured growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations exports rose to $X in 2022. In general, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 66%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for x-ray examination preparations exports from Canada, with a 76% share of total exports. Moreover, x-ray examination preparations exports to the United States exceeded the volume sent to the second major destination, France (X tons), ninefold. The third position in this ranking was taken by South Korea (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+31.4% per year) and South Korea (-5.6% per year).

In value terms, the United States ($X) remains the key foreign market for opacifying preparations for x-ray examinations exports from Canada, comprising 76% of total exports. The second position in the ranking was held by France ($X), with an 8.7% share of total exports. It was followed by South Korea, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.4% per year) and South Korea (-15.5% per year).

Export Prices by Country

The average x-ray examination preparations export price stood at $X per ton in 2022, waning by -43.6% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 23%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and China ($X per ton), while the average price for exports to France ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.7%), while the prices for the other major destinations experienced a decline.

X-Ray Examination Preparations Imports

Imports into Canada

X-ray examination preparations imports into Canada surged to X tons in 2022, increasing by 105% against the year before. Overall, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations imports surged to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of x-ray examination preparations imports to Canada, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest x-ray examination preparations suppliers to Canada, together accounting for 87% of total imports.

The United States, with a CAGR of +17.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average x-ray examination preparations import price amounted to $X per ton, shrinking by -43.2% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 6.3%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ireland ($X per ton) and Sweden ($X per ton), while the price for France ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (-8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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