Canada: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in Canada

In 2021, the Canadian aluminium hydroxide market decreased by -60% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Aluminium Hydroxide Production in Canada

In value terms, aluminium hydroxide production dropped to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, production attained the peak level of $X, and then reduced in the following year.

Aluminium Hydroxide Exports

Exports from Canada

After two years of decline, shipments abroad of aluminium hydroxide increased by 19% to X tons in 2021. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 37%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, aluminium hydroxide exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +4.5%.

In value terms, the United States ($X) also remains the key foreign market for aluminium hydroxide exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +2.0%.

Export Prices by Country

The average aluminium hydroxide export price stood at $X per ton in 2021, increasing by 6% against the previous year. In general, the export price, however, recorded a pronounced contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -2.4% per year.

Aluminium Hydroxide Imports

Imports into Canada

In 2021, imports of aluminium hydroxide into Canada reduced markedly to X tons, declining by -44.3% on 2020 figures. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 90% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium hydroxide imports fell dramatically to $X in 2021. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 63% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main aluminium hydroxide supplier to Canada, with a 95% share of total imports. It was followed by Germany (X tons), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -9.8%.

In value terms, the United States ($X) constituted the largest supplier of aluminium hydroxide to Canada, comprising 92% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -6.2%.

Import Prices by Country

In 2021, the average aluminium hydroxide import price amounted to $X per ton, rising by 51% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium hydroxide import price increased by +77.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.4%).

Source: IndexBox Market Intelligence Platform

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