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Canada - Carbides - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCarbides Price in Canada - 2023
Contents:
- Carbides Price in Canada (CIF) - 2023
- Carbides Price in Canada (FOB) - 2023
- Carbides Imports in Canada
- Carbides Exports in Canada
Carbides Price in Canada (CIF) - 2023
In September 2023, the average carbides import price amounted to $3,419 per ton, picking up by 31% against the previous month. In general, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in January 2023 when the average import price increased by 38% against the previous month. Over the period under review, average import prices hit record highs at $4,830 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($9,907 per ton), while the price for Brazil ($1,567 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced a decline.
Carbides Price in Canada (FOB) - 2023
The average carbides export price stood at $14,054 per ton in September 2023, jumping by 72% against the previous month. Overall, export price indicated pronounced growth from September 2022 to September 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, carbides export price increased by +72.4% against August 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Japan ($28,041 per ton), while the average price for exports to the United States ($12,180 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.7%), while the prices for the other major destinations experienced a decline.
Carbides Imports in Canada
Carbides imports into Canada reduced modestly to 18K tons in 2022, with a decrease of -2.2% compared with 2021. Over the period under review, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
In value terms, carbides imports surged to $73M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Carbides in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.5 | 11.0 | 17.0 | 34.1 | 58.9% |
United States | 28.5 | 20.2 | 25.3 | 28.7 | 0.2% |
Brazil | 1.6 | 1.0 | 1.4 | 1.7 | 2.0% |
Slovakia | 0.9 | 0.7 | 0.5 | N/A | -25.5% |
Others | 15.8 | 5.7 | 6.6 | 8.4 | -19.0% |
Total | 55.2 | 38.6 | 50.9 | 73.0 | 9.8% |
Top Suppliers of Carbides to Canada in 2022:
- United States (14.6K tons)
- China (2.1K tons)
- Brazil (0.8K tons)
Carbides Exports in Canada
In 2022, exports of carbides from Canada expanded slightly to 5.3K tons, growing by 4% against the previous year. Overall, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year.
In value terms, carbides exports expanded significantly to $42M in 2022. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Carbides in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 29.2 | 14.2 | 28.8 | 27.5 | -2.0% |
Japan | 5.6 | 5.7 | 5.6 | 6.4 | 4.6% |
Ireland | N/A | N/A | 0.4 | 2.7 | 575.0% |
South Korea | 1.6 | 1.2 | 1.9 | 2.1 | 9.5% |
Others | 1.1 | 1.3 | 1.1 | 3.5 | 47.1% |
Total | 37.6 | 22.4 | 37.9 | 42.1 | 3.8% |
Top Export Markets for Carbides from Canada in 2022:
- United States (4.7K tons)
- Japan (0.2K tons)
- South Korea (0.1K tons)
- Ireland (0.1K tons)
This report provides an in-depth analysis of the carbides 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 20136450 - Carbides whether or not chemically defined
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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