Canada: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Canada

The Canadian silicon dioxide market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Silicon dioxide consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Silicon Dioxide Production in Canada

In value terms, silicon dioxide production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 105%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Silicon Dioxide Exports

Exports from Canada

In 2021, the amount of silicon dioxide exported from Canada dropped rapidly to X tons, reducing by -15% compared with 2020. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 64%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, silicon dioxide exports surged to $X in 2021. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 48%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for silicon dioxide exports from Canada, accounting for a 49% share of total exports. Moreover, silicon dioxide 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 held by India (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+44.1% per year) and India (+32.7% per year).

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the largest markets for silicon dioxide exported from Canada worldwide, with a combined 74% share of total exports.

Germany, with a CAGR of +73.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, with an increase of 62% against the previous year. Over the period under review, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Argentina ($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 Germany (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Canada

In 2021, imports of silicon dioxide into Canada surged to X tons, with an increase of 21% on the year before. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 79%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon dioxide imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations 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 silicon dioxide to Canada, accounting for a 78% share of total imports. Moreover, silicon dioxide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.6% per year) and Germany (-11.1% per year).

In value terms, the United States ($X) constituted the largest supplier of silicon dioxide to Canada, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.1% per year) and Germany (-6.3% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, increasing by 3.2% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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