Canada: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Canada

The Canadian barium or aluminium sulphates market was estimated at $X in 2022, with an increase of 4.3% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +13.0% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Canada

In value terms, barium or aluminium sulphates production amounted to $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +14.2% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 66% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Canada

In 2022, overseas shipments of sulphates of barium or aluminium increased by 0.5% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 102% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports contracted modestly to $X in 2022. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 with an increase of 213% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for barium or aluminium sulphates exports from Canada, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +6.4%.

In value terms, the United States ($X) also remains the key foreign market for sulphates of barium or aluminium exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +12.9%.

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, reducing by -4.6% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates export price decreased by -11.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 55% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.1% per year.

Imports of Sulphates Of Barium Or Aluminium

Imports into Canada

In 2022, purchases abroad of sulphates of barium or aluminium was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports expanded notably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 35% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main barium or aluminium sulphates supplier to Canada, accounting for a 93% share of total imports. It was followed by China (X tons), with a 2.8% share of total imports. The third position in this ranking was held by Turkey (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Turkey (+6.7% per year).

In value terms, the United States ($X) constituted the largest supplier of sulphates of barium or aluminium to Canada, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with an 8.2% share of total imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.0% per year) and Germany (-20.1% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, with an increase of 5.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 32%. As a result, import price attained the peak level of $X per ton. From 2017 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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :