Canada: Mercury Market 2024

Mercury Market Size in Canada

The Canadian mercury market rose modestly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption saw a slight expansion. Mercury consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Mercury Production in Canada

In value terms, mercury production stood at $X in 2023 estimated in export price. In general, the total production indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Mercury Exports

Exports from Canada

Mercury exports from Canada contracted significantly to X tons in 2023, with a decrease of X% against the previous year. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, mercury exports surged to $X in 2023. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2023, the average annual growth rate of volume to Cuba totaled X%.

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

From 2012 to 2023, the average annual growth rate of value to Cuba stood at X%.

Export Prices by Country

In 2023, the average mercury export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cuba amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Mercury Imports

Imports into Canada

In 2023, the amount of mercuries imported into Canada reduced to X kg, waning by X% compared with the previous year. Over the period under review, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, mercury imports fell to $X in 2023. In general, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, the United States (X kg) constituted the largest supplier of mercury to Canada, with a X% share of total imports. Moreover, mercury imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold. The third position in this ranking was taken by the UK (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the largest mercury suppliers to Canada were China ($X), the United States ($X) and the UK ($X), with a combined X% share of total imports. Germany, Turkey and Austria lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mercury import price stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform