Canada: Sulphites Market 2024

Sulphites Market Size in Canada

The Canadian sulphites market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sulphites Production in Canada

In value terms, sulphites production rose remarkably to $X in 2022 estimated in export price. Overall, production enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Sulphites production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sulphites Exports

Exports from Canada

For the fifth year in a row, Canada recorded growth in shipments abroad of sulphites, which increased by X% to X tons in 2022. Overall, exports showed a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, sulphites exports surged to $X in 2022. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for sulphites exports from Canada, with a X% share of total exports. It was followed by Suriname (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (X% per year) and Guyana (X% per year).

In value terms, the United States ($X) remains the key foreign market for sulphites exports from Canada, comprising X% of total exports. The second position in the ranking was held by Suriname ($X), with a X% share of total exports.

From 2012 to 2022, 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: Suriname (X% per year) and Guyana (X% per year).

Export Prices by Country

In 2022, the average sulphites export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Suriname ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Sulphites Imports

Imports into Canada

In 2022, approx. X tons of sulphites were imported into Canada; waning by X% on the year before. Over the period under review, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sulphites imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of sulphites to Canada, accounting for a X% share of total imports. Moreover, sulphites imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, the largest sulphites suppliers to Canada were Turkey ($X), the United States ($X) and China ($X), together accounting for X% of total imports. India, Italy, Germany and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sulphites import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Source: IndexBox Platform

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