Canada - Sulphuric Acid And Oleum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSulphuric Acid Price in Canada Decreases Slightly to Average $135 per Ton
Canada Sulphuric Acid Export Price in December 2022
In December 2022, the sulphuric acid price stood at $135 per ton (FOB, Canada), remaining relatively unchanged against the previous month. Overall, export price indicated a remarkable increase from December 2021 to December 2022: its price increased at an average monthly rate of +6.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, sulphuric acid export price decreased by -5.1% against October 2022 indices. The most prominent rate of growth was recorded in April 2022 an increase of 33% month-to-month. Over the period under review, the average export prices hit record highs at $142 per ton in October 2022; however, from November 2022 to December 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2021 to December 2022, the rate of growth in terms of prices for the United States amounted to +6.7% per month.
Canada Sulphuric Acid Exports
In December 2022, overseas shipments of sulphuric acid and oleum decreased by -1.2% to 140K tons, falling for the fourth month in a row after two months of growth. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 32% m-o-m. As a result, the exports attained the peak of 168K tons. From April 2022 to December 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sulphuric acid exports shrank to $19M (IndexBox estimates) in December 2022. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in March 2022 when exports increased by 33% m-o-m. The exports peaked at 23K tons in August 2022; however, from September 2022 to December 2022, the exports remained at a lower figure.
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Canada Sulphuric Acid Exports by Country
the United States (140K tons) was the main destination for sulphuric acid exports from Canada, with a approximately 100% share of total exports.
From December 2021 to December 2022, the average monthly rate of growth in terms of volume to the United States was relatively modest.
In value terms, the United States ($19M) also remains the key foreign market for sulphuric acid exports from Canada.
From December 2021 to December 2022, the average monthly growth rate of value to the United States amounted to +6.3%.
Sulphuric Acid Prices Drop as Economic Downturn Reduces Demand
Sulphuric acid is an essential chemical that is widely used in various industries, including fertilizers, textiles, and detergents. The price decline is mainly attributed to a significant decrease in demand due to the economic downturn.
The decline in demand has resulted in a surplus of sulphuric acid in the market, leading to lower prices. Also, the increase in supply from the US and Asia has further contributed to the decrease in prices. Despite this, Canada remains a significant exporter of sulphuric acid and continues to supply the North American and global markets.
Canada produces sulphuric acid through the smelting of copper, nickel, and zinc ores. The decreasing demand for these metals has further impacted the production of sulphuric acid, resulting in lower prices. However, the government is taking steps to promote the production and export of sulphuric acid as part of its drive to boost the manufacturing sector and create jobs.
This report provides an in-depth analysis of the sulphuric acid 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 20132434 - Sulphuric acid, oleum
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
