Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada (CIF) - 2023
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada (CIF) - 2023

The average import price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $21,152 per ton in December 2023, surging by 42% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 47% month-to-month. Over the period under review, average import prices hit record highs at $24,476 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($55,773 per ton), while the price for the Netherlands ($3,853 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada (FOB) - 2022

In 2022, the average export price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $13,740 per ton, falling by -18.3% against the previous year. In general, the export price continues to indicate a mild decline. The growth pace was the most rapid in 2020 when the average export price increased by 69% against the previous year. The export price peaked at $18,953 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($17,147 per ton), while the average price for exports to Australia ($6,978 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 Hong Kong SAR (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada

In 2022, the amount of polymers, natural; alginic acid, its salts and esters, in primary formses imported into Canada skyrocketed to 1.3K tons, growing by 25% on the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses skyrocketed to $13M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Canada in 2022:

1. China (526.4 tons)
2. Netherlands (253.5 tons)
3. United States (241.9 tons)
4. Denmark (107.4 tons)
5. Norway (53.1 tons)
6. Japan (33.9 tons)
7. United Kingdom (24.5 tons)
8. France (10.8 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Canada

In 2022, shipments abroad of polymers, natural; alginic acid, its salts and esters, in primary formses increased by 398% to 43 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a deep contraction.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses skyrocketed to $595K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Canada in 2022:

1. United States (28.8 tons)
2. Australia (13.2 tons)
3. New Zealand (0.7 tons)

Source: IndexBox Market Intelligence Platform