Canada: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Canada

After five years of growth, the Canadian saturated acyclic monocarboxylic acids market decreased by X% to $X in 2023. In general, the total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then contracted in the following year.

Production of Saturated Acyclic Monocarboxylic Acids in Canada

In value terms, saturated acyclic monocarboxylic acids production expanded modestly to $X in 2023 estimated in export price. Overall, production showed a resilient increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Canada

In 2023, overseas shipments of saturated acyclic monocarboxylic acids decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports contracted to $X in 2023. In general, exports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2022, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Canada, accounting for a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to the United States exceeded the volume sent to the second major destination, Cuba (X tons), more than tenfold. The third position in this ranking was taken by Norway (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Norway (X% per year).

In value terms, the United States ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Canada, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by Cuba, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Cuba (X% per year).

Export Prices by Country

In 2023, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, which is down by X% against the previous year. In general, export price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, saturated acyclic monocarboxylic acids export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Canada

In 2023, after two years of growth, there was significant decline in overseas purchases of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids imports dropped markedly to $X in 2023. Over the period under review, total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell sharply in the following year.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of saturated acyclic monocarboxylic acids to Canada, accounting for a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2023, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of saturated acyclic monocarboxylic acids to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then fell markedly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform