Canada: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Canada

The Canadian polyphenols and phenol-alcohols market skyrocketed to $X in 2022, jumping by 19% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +27.7% against 2020 indices. Polyphenols and phenol-alcohols consumption peaked in 2022 and is likely to see steady growth in years to come.

Polyphenols And Phenol-Alcohols Production in Canada

In value terms, polyphenols and phenol-alcohols production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a resilient increase. The growth pace was the most rapid in 2019 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Polyphenols And Phenol-Alcohols Exports

Exports from Canada

Polyphenols and phenol-alcohols exports from Canada dropped dramatically to X tons in 2022, with a decrease of -36.3% on the previous year. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 502% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols exports fell remarkably to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 551% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for polyphenols and phenol-alcohols exports from Canada, with a 79% share of total exports. Moreover, polyphenols and phenol-alcohols exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +132.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.8% per year) and China (+54.3% per year).

In value terms, the UK ($X) remains the key foreign market for polyphenols and phenol-alcohols exports from Canada, comprising 75% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by China, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +133.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.8% per year) and China (+46.7% per year).

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, waning by -5.5% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols export price increased by +4.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 59%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Polyphenols And Phenol-Alcohols Imports

Imports into Canada

In 2022, after two years of decline, there was significant growth in supplies from abroad of polyphenols and phenol-alcohols, when their volume increased by 120% to X tons. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, 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.

In value terms, polyphenols and phenol-alcohols imports surged to $X in 2022. Over the period under review, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ireland (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Canada, together accounting for 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +264.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Canada, comprising 48% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Ireland totaled +256.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.4% per year) and the United States (-8.7% per year).

Import Prices by Country

In 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, increasing by 16% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price 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, polyphenols and phenol-alcohols import price decreased by +0.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 50%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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