Canada: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Canada

In 2021, the Canadian polyethylene glycol and polyether market increased by 27% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Canada

In value terms, polyethylene glycol and polyether production shrank sharply to $X in 2021 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 239% against the previous year. Polyethylene glycol and polyether production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Canada

In 2021, shipments abroad of polyethylene glycols and polyethers in primary forms increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 31%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for polyethylene glycol and polyether exports from Canada, with a 94% share of total exports. Moreover, polyethylene glycol and polyether exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+75.5% per year) and China (-34.6% per year).

In value terms, the United States ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Canada, comprising 92% of total exports. The second position in the ranking was held by Mexico ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+74.3% per year) and China (-30.0% per year).

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 China (+7.0%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Canada

In 2021, overseas purchases of polyethylene glycols and polyethers in primary forms increased by 20% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 polyethylene glycol and polyether to Canada, accounting for a 82% share of total imports. Moreover, polyethylene glycol and polyether imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+103.3% per year) and South Korea (+21.4% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Canada, comprising 79% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+105.0% per year) and South Korea (+23.6% per year).

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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