Canada: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Canada

The Canadian unsaturated acyclic hydrocarbons market skyrocketed to $X in 2021, rising by 45% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.5% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Unsaturated Acyclic Hydrocarbons Production in Canada

In value terms, unsaturated acyclic hydrocarbons production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Canada

In 2021, overseas shipments of unsaturated acyclic hydrocarbons decreased by -1.2% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 17% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Canada, accounting for a 97% share of total exports. It was followed by China (X tons), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +1.0%.

In value terms, the United States ($X) remains the key foreign market for unsaturated acyclic hydrocarbons exports from Canada, comprising 97% of total exports. The second position in the ranking was taken by China ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, surging by 32% against the previous year. Overall, the export price, however, saw a mild setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.6%).

Unsaturated Acyclic Hydrocarbons Imports

Imports into Canada

In 2021, the amount of unsaturated acyclic hydrocarbons imported into Canada contracted to X tons, which is down by -2.1% compared with the year before. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 10% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons imports soared to $X in 2021. In general, imports showed a perceptible setback. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Canada, with a 78% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold.

From 2012 to 2021, 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: South Africa (-0.6% per year) and Saudi Arabia (-6.0% per year).

In value terms, the United States ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Canada, comprising 74% of total imports. The second position in the ranking was taken by South Africa ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-2.5% per year) and Saudi Arabia (-0.0% per year).

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, picking up by 24% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Saudi Arabia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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