Canada - Carbon Tetrachloride - Market Analysis, Forecast, Size, Trends And Insights
Canada's Carbon Tetrachloride Price Surges 29% to New Record of $450 per Ton
Canada Carbon Tetrachloride Import Price in September 2022
In September 2022, the carbon tetrachloride price amounted to $450 per ton (CIF, Canada), jumping by 29% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2022 to September 2022, the rate of growth in terms of prices for the United States amounted to +2.9% per month.
Canada Carbon Tetrachloride Imports
In September 2022, approximately 793 kg of carbon tetrachloride were imported into Canada; dropping by -70.8% on August 2022. Over the period under review, imports saw a sharp contraction. The growth pace was the most rapid in May 2022 when imports increased by 401% against the previous month. Imports peaked at 24 tons in July 2022; however, from August 2022 to September 2022, imports failed to regain momentum.
In value terms, carbon tetrachloride imports dropped dramatically to $357 (IndexBox estimates) in September 2022. Overall, imports recorded a dramatic contraction. The pace of growth was the most pronounced in May 2022 with an increase of 392% month-to-month. Imports peaked at 8.3 tons in July 2022; however, from August 2022 to September 2022, imports stood at a somewhat lower figure.
Canada Carbon Tetrachloride Imports by Country
In September 2022, the United States (793 kg) was the main carbon tetrachloride supplier to Canada, accounting for a approximately 100% share of total imports. From January 2022 to September 2022, the average monthly growth rate of volume from the United States totaled -26.2%.
In value terms, the United States ($357) constituted the largest supplier of carbon tetrachloride to Canada. From January 2022 to September 2022, the average monthly growth rate of value from the United States amounted to -24.0%.
Factors Affecting Carbon Tetrachloride Prices
The price of carbon tetrachloride in Canada is determined by a number of factors, including production costs, international demand and supply, and the strength of the Canadian dollar.
Carbon tetrachloride is produced by a number of companies in Canada, including Nova Chemicals and Dow Chemical. The cost of production is affected by a number of factors, including feedstock costs, energy costs, and labour costs.
CTC is used in a variety of industrial processes, including as a refrigerant and as a cleaning agent. When global demand is high, Canadian producers can charge higher prices for their product. Similarly, when global supply is tight, Canadian producers may have to increase prices to stay competitive.
The strength of the Canadian dollar is another important factor that impacts the price of carbon tetrachloride in Canada. A stronger Canadian dollar makes imported carbon tetrachloride more expensive, while a weaker Canadian dollar makes exported carbon tetrachloride less expensive.
This report provides an in-depth analysis of the carbon tetrachloride 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.
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