Canada: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Canada

In 2022, the Canadian market for organo-sulphur compounds and other organo-inorganic compounds increased by 33% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Canada

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds rose sharply to $X in 2022 estimated in export price. In general, production posted measured growth. The most prominent rate of growth was recorded in 2015 with an increase of 84%. Over the period under review, production of attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Canada

In 2022, shipments abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 34%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds rose remarkably to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Canada, accounting for a 38% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to the United States exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.0% per year) and China (+31.0% per year).

In value terms, the United States ($X) remains the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Canada, comprising 42% of total exports. The second position in the ranking was held by Mexico ($X), with a 10% share of total exports. It was followed by Belgium, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.2% per year) and Belgium (+80.4% per year).

Export Prices by Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 51%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Canada

In 2022, purchases abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 6.4% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 47%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Canada, together accounting for 81% of total imports. Japan, France, Spain and the UK lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Canada, together accounting for 81% of total imports.

China, with a CAGR of +15.9%, 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

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, with an increase of 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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