Carbonates; Potassium Carbonate Price in Canada - 2023
Contents:
- Carbonates; Potassium Carbonate Price in Canada (CIF) - 2023
- Carbonates; Potassium Carbonate Price in Canada (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Canada
- Carbonates; Potassium Carbonate Exports in Canada
Carbonates; Potassium Carbonate Price in Canada (CIF) - 2023
The average carbonates; potassium carbonate import price stood at $2,306 per ton in June 2023, growing by 18% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 36% month-to-month. The import price peaked at $2,341 per ton in March 2023; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,687 per ton), while the price for Italy ($1,352 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in Canada (FOB) - 2022
The average carbonates; potassium carbonate export price stood at $1,067 per ton in 2022, declining by -13% against the previous year. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 84%. The export price peaked at $1,649 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,086 per ton), while the average price for exports to the United States amounted to $1,063 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-2.5%), while the prices for the other major destinations experienced a decline.
Carbonates; Potassium Carbonate Imports in Canada
In 2022, imports of carbonates; potassium carbonates into Canada reduced to 6.8K tons, with a decrease of -7.8% on the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, imports reached the peak of 7.3K tons, and then declined in the following year.
In value terms, carbonates; potassium carbonate imports skyrocketed to $12M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +54.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.7 | 3.0 | 4.4 | 8.3 | 30.9% |
| South Korea | 3.1 | 2.4 | 2.7 | 1.9 | -15.1% |
| Italy | 0.2 | 0.6 | 0.8 | 0.7 | 51.8% |
| China | 0.6 | 1.3 | 0.9 | 0.7 | 5.3% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.4 | 0.4 | 0.5 | 0.3 | -9.1% |
| Total | 8.3 | 7.9 | 9.4 | 12.1 | 13.4% |
Top Suppliers of Carbonates; Potassium Carbonate to Canada in 2022:
- United States (4.5K tons)
- South Korea (1.2K tons)
- Italy (0.4K tons)
- China (0.3K tons)
- Taiwan (Chinese) (0.1K tons)
Carbonates; Potassium Carbonate Exports in Canada
After three years of growth, overseas shipments of carbonates; potassium carbonates decreased by -13.6% to 142 tons in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. As a result, the exports attained the peak of 164 tons, and then contracted in the following year.
In value terms, carbonates; potassium carbonate exports fell dramatically to $151K in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, the exports attained the peak of $201K, and then fell notably in the following year.
| Export of Carbonates; Potassium Carbonate in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 66.5 | 61.4 | 194 | 122 | 22.4% |
| Mexico | 2.0 | 35.2 | N/A | 27.7 | 140.2% |
| Others | N/A | 0.1 | 7.7 | 2.0 | 347.2% |
| Total | 68.5 | 96.8 | 201 | 151 | 30.1% |
Top Export Markets for Carbonates; Potassium Carbonate from Canada in 2022:
- United States (114.6 tons)
- Mexico (25.5 tons)
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