Canada: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Canada

The Canadian organo-inorganic compounds market contracted to $X in 2021, flattening at the previous year. In general, consumption, however, posted buoyant growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Organo-Inorganic Compounds Production in Canada

In value terms, organo-inorganic compounds production declined dramatically to $X in 2021 estimated in export price. Over the period under review, production showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 65,907%. Organo-inorganic compounds production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Canada

In 2021, overseas shipments of organo-inorganic compounds (excluding organo-sulphur compounds) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 42% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, organo-inorganic compounds exports surged to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Mexico (X tons) were the main destinations of organo-inorganic compounds exports from Canada, with a combined 58% share of total exports. These countries were followed by Australia, China, Chile, Morocco, Peru, Finland, South Korea and Germany, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +25.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-inorganic compounds exported from Canada were the United States ($X), the Netherlands ($X) and Australia ($X), together accounting for 63% of total exports. Mexico, Chile, China, Finland, Peru, Morocco, South Korea and Germany lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Chile, with a CAGR of +15.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, surging by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2016 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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 Finland ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Canada

In 2021, approx. X tons of organo-inorganic compounds (excluding organo-sulphur compounds) were imported into Canada; increasing by 24% compared with the year before. In general, imports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2018 when imports increased by 152% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, organo-inorganic compounds imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of organo-inorganic compounds to Canada, accounting for a 46% share of total imports. Moreover, organo-inorganic compounds imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and China (+3.6% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the largest organo-inorganic compounds suppliers to Canada, with a combined 92% share of total imports. Japan, India, the UK and France lagged somewhat behind, together comprising a further 5.6%.

Japan, with a CAGR of +19.2%, saw the highest growth rate of 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

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, with an increase of 3.5% against the previous year. Overall, the import price recorded a temperate increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 119% against the previous year. Over the period under review, average import prices reached the maximum 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 Germany ($X per ton), while the price for France ($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 (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :