Canada: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Canada

The Canadian sulphuric acid market rose sharply to $X in 2022, increasing by 12% against the previous year. Overall, consumption saw a strong expansion. Sulphuric acid consumption peaked in 2022 and is likely to continue growth in the near future.

Sulphuric Acid Production in Canada

In value terms, sulphuric acid production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 23%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sulphuric Acid Exports

Exports from Canada

In 2022, exports of sulphuric acid and oleum from Canada fell modestly to X tons, reducing by -4.5% on the previous year. In general, exports saw a mild curtailment. The growth pace was the most rapid in 2015 with an increase of 11%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sulphuric acid exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its value 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, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for sulphuric acid exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for sulphuric acid and oleum exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.5%.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2022, growing by 65% against the previous year. Over the period under review, the export price posted pronounced growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 +3.4% per year.

Sulphuric Acid Imports

Imports into Canada

Sulphuric acid imports into Canada stood at X tons in 2022, approximately reflecting the previous year's figure. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, sulphuric acid imports surged to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of sulphuric acid to Canada, with a 94% share of total imports. Moreover, sulphuric acid imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+239.0% per year) and Finland (+3,524.6% per year).

In value terms, the United States ($X) constituted the largest supplier of sulphuric acid and oleum to Canada, comprising 65% of total imports. The second position in the ranking was held by Sweden ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+261.2% per year) and Finland (+1,700.4% per year).

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, jumping by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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