Report Update Nov 1, 2024

Canada - Silver Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Silver Nitrate Market 2024

Silver Nitrate Market Size in Canada

The Canadian silver nitrate market skyrocketed to $X in 2021, jumping by 47% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw strong growth. Silver nitrate consumption peaked in 2021 and is likely to see gradual growth in years to come.

Silver Nitrate Exports

Exports from Canada

In 2021, the amount of silver nitrate exported from Canada declined modestly to X kg, with a decrease of -4.6% compared with the previous year. Over the period under review, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 432%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, silver nitrate exports stood at $X in 2021. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 410% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mali (X kg), the United States (X kg) and Saudi Arabia (X kg) were the main destinations of silver nitrate exports from Canada, together comprising 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +121.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for silver nitrate exports from Canada, comprising 65% of total exports. The second position in the ranking was taken by Mali ($X), with a 21% share of total exports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+33.1% per year) and Saudi Arabia (+125.4% per year).

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2021, growing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2017 an increase of 30%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Italy (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into Canada

Silver nitrate imports into Canada soared to X tons in 2021, increasing by 47% on the year before. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 137%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, silver nitrate imports soared to $X in 2021. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 70%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) was the main supplier of silver nitrate to Canada, accounting for a 97% share of total imports. It was followed by Australia (X tons), with a 2% share of total imports. Belgium (X kg) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+24.8% per year) and Belgium (+11.5% per year).

In value terms, the United States ($X) constituted the largest supplier of silver nitrate to Canada, comprising 98% of total imports. The second position in the ranking was held by Australia ($X), with a 1.2% share of total imports. It was followed by Belgium, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+21.5% per year) and Belgium (-6.7% per year).

Import Prices by Country

In 2021, the average silver nitrate import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 66% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+23.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver nitrate in the world?

The countries with the highest volumes of silver nitrate consumption in 2021 were the Netherlands, Germany and South Africa, together accounting for 41% of global consumption. France, the Czech Republic, Poland, Italy, Spain, Canada, Turkey, Brazil, India and Saudi Arabia lagged somewhat behind, together accounting for a further 46%.

What are the largest producers of silver nitrate in the world?

The countries with the highest volumes of silver nitrate production in 2021 were the UK, Germany and Belgium, with a combined 64% share of global production. South Africa, the United States, France, Italy and Brazil lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of silver nitrate to Canada?

In value terms, the United States constituted the largest supplier of silver nitrate to Canada, comprising 98% of total imports. The second position in the ranking was occupied by China, with a 0.3% share of total imports.

What are the leading importers of silver nitrate from Canada?

In value terms, the United States remains the key foreign market for silver nitrate exports from Canada, comprising 65% of total exports. The second position in the ranking was occupied by Mali, with a 21% share of total exports. It was followed by Saudi Arabia, with a 12% share.

What is the average export price for silver nitrate in Canada?

In 2021, the average silver nitrate export price amounted to $278,712 per ton, with an increase of 14% against the previous year.

What is the average import price for silver nitrate in Canada?

In 2021, the average silver nitrate import price amounted to $70,346 per ton, reducing by -1.7% against the previous year.

This report provides an in-depth analysis of the silver nitrate market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20135183 - Silver nitrate

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023