Canada: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Canada

The Canadian reaction initiators and accelerators market rose rapidly to $X in 2022, with an increase of 14% against the previous year. In general, consumption, however, showed buoyant growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Canada

In value terms, reaction initiators and accelerators production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,127% against the previous year. Reaction initiators and accelerators production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Canada

In 2022, the amount of reaction initiators, reaction accelerators and catalytic preparations exported from Canada soared to X tons, growing by 32% on the year before. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2018 with an increase of 47%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, reaction initiators and accelerators exports surged to $X in 2022. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for reaction initiators and accelerators exports from Canada, with a 46% share of total exports. Moreover, reaction initiators and accelerators exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.5% per year) and Spain (+136.3% per year).

In value terms, the United States ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Canada, comprising 89% of total exports. The second position in the ranking was held by Spain ($X), with a 3.8% share of total exports. It was followed by Germany, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+101.9% per year) and Germany (+11.9% per year).

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, declining by -12.4% against the previous year. Overall, the export price, however, showed a measured expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Canada

In 2022, purchases abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 0.6% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports soared to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest reaction initiators and accelerators supplier to Canada, accounting for a 83% share of total imports. It was followed by the Netherlands (X tons), with a 2.8% share of total imports. China (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.0% per year) and China (+21.0% per year).

In value terms, the United States ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Canada, comprising 71% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.3% share of total imports. It was followed by South Africa, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.0% per year) and South Africa (+46.1% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, jumping by 20% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price increased by +99.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 42%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the price for the Netherlands ($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 United States (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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