Report Update Apr 1, 2024

Canada - Tankers - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Tanker Market 2024

Tanker Market Size in Canada

The Canadian tanker market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Tanker Production in Canada

In value terms, tanker production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with a decrease of X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Tanker Exports

Exports from Canada

In 2021, approx. less than X units of tankers were exported from Canada; approximately reflecting the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The smallest decline of X% was in 2018. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, tanker exports amounted to $X in 2021. In general, exports saw a significant decline. The smallest decline of X% was in 2018. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for tanker exports from Canada, accounting for a approx. X% share of total exports.

From 2015 to 2017, the average annual growth rate of volume to Mexico was relatively modest.

From 2015 to 2017, the average annual rate of growth in terms of value to Mexico was relatively modest.

Export Prices by Country

In 2017, the average tanker export price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price recorded significant growth. The pace of growth appeared the most rapid in 2016 when the average export price decreased by X% against the previous year. The export price peaked in 2017 and is likely to see gradual growth in the near future.

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

From 2015 to 2017, the rate of growth in terms of prices for the United States amounted to X% per year.

Tanker Imports

Imports into Canada

In 2022, after two years of decline, there was significant decline in supplies from abroad of tankers, when their volume decreased by X% to X units. Overall, imports saw a mild downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tanker imports surged to $X in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X units) constituted the largest tanker supplier to Canada, accounting for a X% share of total imports. Moreover, tanker imports from South Korea exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at X%.

In value terms, South Korea ($X) constituted the largest supplier of tankers to Canada, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to X%.

Import Prices by Country

In 2022, the average tanker import price amounted to $X,131 per unit, picking up by X% against the previous year. In general, the import price showed a significant increase. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X,397 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X,031 per unit), while the price for Poland amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?

The countries with the highest volumes of consumption in 2023 were Poland, North Macedonia and Norway, together comprising 78% of global consumption. Cyprus, Spain, Slovenia, Slovakia and Serbia lagged somewhat behind, together comprising a further 20%.

What are the largest producers of tankers in the world?

The countries with the highest volumes of production in 2022 were Norway, North Macedonia and Poland, with a combined 78% share of global production. Cyprus, Sweden, Spain, Slovenia and Slovakia lagged somewhat behind, together comprising a further 19%.

What are the leading suppliers of tankers to Canada?

In value terms, South Korea constituted the largest supplier of tankers to Canada, comprising 99.9% of total imports. The second position in the ranking was held by Poland, with less than 0.1% share of total imports.

What is the average export price for tankers in Canada?

In 2017, the average tanker export price amounted to $840,861 per unit, remaining relatively unchanged against the previous year.

What is the average import price for tankers in Canada?

The average tanker import price stood at $22,392,131 per unit in 2022, increasing by 121% against the previous year.

This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
Prodcom 30112230 - Oil product tankers
Prodcom 30112250 - Chemical tankers
Prodcom 30112270 - Gas carriers

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023