Canada - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethacrylic Acid Price in Canada - 2023
Contents:
- Methacrylic Acid Price in Canada (CIF) - 2023
- Methacrylic Acid Price in Canada (FOB) - 2022
- Methacrylic Acid Imports in Canada
- Methacrylic Acid Exports in Canada
Methacrylic Acid Price in Canada (CIF) - 2023
In June 2023, the average methacrylic acid import price amounted to $1,433 per ton, falling by -2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 3.6% month-to-month. Over the period under review, average import prices hit record highs at $1,493 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,433 per ton), while the price for South Korea amounted to $1,433 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.4%), while the prices for the other major suppliers experienced a decline.
Methacrylic Acid Price in Canada (FOB) - 2022
In 2022, the average methacrylic acid export price amounted to $3,345 per ton, remaining constant against the previous year. Overall, the export price saw a measured expansion. The pace of growth was the most pronounced in 2021 an increase of 72%. Over the period under review, the average export prices hit record highs at $3,732 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
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 +4.1% per year.
Methacrylic Acid Imports in Canada
Methacrylic acid imports into Canada totaled 5K tons in 2022, growing by 8% against the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, methacrylic acid imports stood at $7.3M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Methacrylic Acid in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 5.3 | 5.6 | 6.4 | 2.7% |
| China | 0.5 | 0.2 | 0.9 | 0.5 | 0.0% |
| South Korea | 0.4 | 0.4 | 0.6 | 0.4 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.8 | 5.9 | 7.1 | 7.3 | 2.4% |
Top Suppliers of Methacrylic Acid to Canada in 2022:
- United States (4.4K tons)
- South Korea (0.3K tons)
- China (0.3K tons)
Methacrylic Acid Exports in Canada
After two years of growth, shipments abroad of methacrylic acid and its salts decreased by -66.9% to 30 tons in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 452% against the previous year. As a result, the exports reached the peak of 90 tons, and then fell dramatically in the following year.
In value terms, methacrylic acid exports declined significantly to $99K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 847%. As a result, the exports reached the peak of $299K, and then fell remarkably in the following year.
| Export of Methacrylic Acid in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 31.2 | 299 | 99.2 | 78.3% | |
| Others | 0.4 | 0.3 | 0.1 | -50.0% | |
| Total | 31.6 | 299 | 99.3 | 77.3% | |
Top Export Markets for Methacrylic Acid from Canada in 2022:
- United States (29.6 tons)
This report provides an in-depth analysis of the methacrylic 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 20143330 - Methacrylic acid and its salts
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
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