Canada: Polycarbonate Market 2024

Polycarbonate Market Size in Canada

The Canadian polycarbonate market shrank to $X in 2022, which is down by -1.7% against the previous year. Over the period under review, consumption, however, saw a prominent increase. Polycarbonate consumption peaked at $X in 2021, and then fell slightly in the following year.

Polycarbonate Production in Canada

In value terms, polycarbonate production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 62% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polycarbonate Exports

Exports from Canada

In 2022, exports of polycarbonates (in primary forms) from Canada expanded sharply to X tons, with an increase of 6.2% on the previous year's figure. The total export volume increased at an average annual rate of +2.2% 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 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, polycarbonate exports contracted to $X in 2022. In general, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +54.2% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

The United States (X tons) was the main destination for polycarbonate exports from Canada, accounting for a 59% share of total exports. Moreover, polycarbonate exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+25.4% per year) and China (+6.7% per year).

In value terms, the United States ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Canada, comprising 73% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 5.4% share of total exports. It was followed by China, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.4% per year) and China (+5.4% per year).

Export Prices by Country

The average polycarbonate export price stood at $X per ton in 2022, waning by -16.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 an increase of 16%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 (+4.4%), while the prices for the other major destinations experienced a decline.

Polycarbonate Imports

Imports into Canada

In 2022, the amount of polycarbonates (in primary forms) imported into Canada contracted to X tons, reducing by -1.6% on the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of X tons, and then fell slightly in the following year.

In value terms, polycarbonate imports expanded to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; 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 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of polycarbonate to Canada, accounting for a 74% share of total imports. Moreover, polycarbonate imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+35.6% per year) and the Netherlands (+33.1% per year).

In value terms, the United States ($X) constituted the largest supplier of polycarbonates (in primary forms) to Canada, comprising 72% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by the Netherlands, with an 8.6% share.

From 2012 to 2022, 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: South Korea (+32.7% per year) and the Netherlands (+37.5% per year).

Import Prices by Country

The average polycarbonate import price stood at $X per ton in 2022, picking up by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 11%. The import price peaked in 2022 and is expected to retain 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 the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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