Canada: Sulphuric Acid Market 2023

Sulphuric Acid Market Size in Canada

After two years of growth, the Canadian sulphuric acid market decreased by -5.9% to $X in 2021. Overall, consumption, however, posted a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Sulphuric Acid Production in Canada

In value terms, sulphuric acid production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 39%. Sulphuric acid production peaked at $X in 2020, and then shrank slightly in the following year.

Sulphuric Acid Exports

Exports from Canada

In 2021, exports of sulphuric acid and oleum from Canada dropped to X tons, with a decrease of -1.9% compared with the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 11%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, sulphuric acid exports reduced to $X in 2021. In general, exports showed a pronounced decline. The growth pace was the most rapid in 2019 with an increase of 53% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for sulphuric acid exports from Canada, with a 95% share of total exports. Moreover, sulphuric acid exports to the United States exceeded the volume sent to the second major destination, Morocco (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for sulphuric acid and oleum exports from Canada, comprising 96% of total exports. The second position in the ranking was held by Morocco ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -2.7%.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2021, declining by -11% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Morocco stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+0.5%).

Sulphuric Acid Imports

Imports into Canada

In 2021, overseas purchases of sulphuric acid and oleum were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, 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 2021, the United States (X tons) constituted the largest sulphuric acid supplier to Canada, accounting for a 85% share of total imports. Moreover, sulphuric acid imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +3.9%.

In value terms, the United States ($X) constituted the largest supplier of sulphuric acid and oleum to Canada, comprising 94% of total imports. The second position in the ranking was taken by Sweden ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

In 2021, the average sulphuric acid import price amounted to $X per ton, with a decrease of -6.7% against the previous year. Overall, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.0%).

Source: IndexBox Market Intelligence Platform

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