Organo-Sulphur Compounds; Methionine Price in Canada - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in Canada (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in Canada (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Canada
- Organo-Sulphur Compounds; Methionine Exports in Canada
Organo-Sulphur Compounds; Methionine Price in Canada (CIF) - 2023
In June 2023, the average organo-sulphur compounds; methionine import price amounted to $2,055 per ton, waning by -17.9% against the previous month. Overall, the import price showed a noticeable downturn. The growth pace was the most rapid in September 2022 an increase of 7.9% m-o-m. As a result, import price reached the peak level of $3,492 per ton. From October 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Japan ($2,344 per ton) and China ($2,223 per ton), while the price for the United States ($1,950 per ton) and France ($2,077 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (-2.6%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in Canada (FOB) - 2022
The average organo-sulphur compounds; methionine export price stood at $3,019 per ton in 2022, waning by -23.7% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $5,310 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.0% per year.
Organo-Sulphur Compounds; Methionine Imports in Canada
In 2022, overseas purchases of organo-sulphur compounds; methionines decreased by -21.8% to 9.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, imports reached the peak of 13K tons, and then dropped dramatically in the following year.
In value terms, organo-sulphur compounds; methionine imports reduced to $29M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +35.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports reached the peak of $32M, and then reduced in the following year.
| Import of Organo-Sulphur Compounds; Methionine in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.7 | 14.3 | 21.1 | 19.0 | 11.5% |
| Japan | 6.1 | 5.9 | 8.2 | 7.4 | 6.7% |
| China | 0.4 | 0.8 | 2.1 | 1.9 | 68.1% |
| France | 1.3 | 0.8 | 0.7 | 0.8 | -14.9% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 21.5 | 21.8 | 32.3 | 29.2 | 10.7% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Canada in 2022:
- United States (6.2K tons)
- Japan (2.7K tons)
- China (0.7K tons)
- France (0.4K tons)
Organo-Sulphur Compounds; Methionine Exports in Canada
In 2022, overseas shipments of organo-sulphur compounds; methionines decreased by -67.1% to 84 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 340 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, organo-sulphur compounds; methionine exports declined markedly to $253K in 2022. In general, exports showed a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 86%. As a result, the exports reached the peak of $1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Organo-Sulphur Compounds; Methionine in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 529 | 977 | 994 | 253 | -21.8% |
| Turkey | N/A | 40.2 | N/A | N/A | 0% |
| Others | 23.4 | 9.2 | 14.2 | N/A | -22.1% |
| Total | 552 | 1,026 | 1,008 | 253 | -22.9% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Canada in 2022:
- United States (83.9 tons)
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