Canada: Abrasives Market 2024

Abrasives Market Size in Canada

The Canadian abrasives market totaled $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Abrasives consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Abrasives Production in Canada

In value terms, abrasives production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Abrasives production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Abrasives Exports

Exports from Canada

After two years of decline, overseas shipments of abrasives (natural) increased by X% to X tons in 2022. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, abrasives exports surged to $X in 2022. In general, exports, however, saw a deep downturn. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for abrasives exports from Canada, accounting for a X% share of total exports. Moreover, abrasives exports to the United States exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), fivefold.

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

In value terms, the United States ($X) remains the key foreign market for abrasives (natural) exports from Canada, comprising X% of total exports. The second position in the ranking was held by Trinidad and Tobago ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average abrasives export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated prominent growth 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, abrasives export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to France ($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 mixed trend patterns.

Abrasives Imports

Imports into Canada

In 2022, purchases abroad of abrasives (natural) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

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

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of abrasives to Canada, accounting for a X% share of total imports. Moreover, abrasives imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Australia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of abrasives (natural) to Canada, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

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

Import Prices by Country

In 2022, the average abrasives import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a resilient increase 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. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($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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