Waxes; Artificial, Prepared Price in Canada - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Canada (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Canada (FOB) - 2023
3. Waxes; Artificial, Prepared Imports in Canada
4. Waxes; Artificial, Prepared Exports in Canada

Waxes; Artificial, Prepared Price in Canada (CIF) - 2023

In June 2023, the average waxes; artificial, prepared import price amounted to $2,991 per ton, picking up by 6.5% against the previous month. Overall, the import price, however, showed a slight downturn. The pace of growth appeared the most rapid in October 2022 an increase of 13% m-o-m. The import price peaked at $3,708 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($2,955 per ton), while the price for the United States amounted to $2,857 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (-1.0%).

Waxes; Artificial, Prepared Price in Canada (FOB) - 2023

The average waxes; artificial, prepared export price stood at $2,662 per ton in June 2023, growing by 8.8% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average export price increased by 41% against the previous month. As a result, the export price attained the peak level of $3,657 per ton. From August 2022 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($2,887 per ton), while the average price for exports to the UK ($1,098 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.1%), while the prices for the other major destinations experienced a decline.

Waxes; Artificial, Prepared Imports in Canada

In 2022, approx. 43K tons of waxes; artificial, prepared were imported into Canada; jumping by 71% on the previous year. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports surged to $140M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Canada in 2022:

1. United States (32.0K tons)
2. China (5.8K tons)
3. Malaysia (0.8K tons)
4. Germany (0.8K tons)
5. Belgium (0.7K tons)

Waxes; Artificial, Prepared Exports in Canada

In 2022, shipments abroad of waxes; artificial, prepared decreased by -12% to 17K tons, falling for the second year in a row after two years of growth. Overall, exports saw a slight setback. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 19K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, waxes; artificial, prepared exports rose rapidly to $48M in 2022. The total export value increased at an average annual rate of +11.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waxes; Artificial, Prepared from Canada in 2022:

1. United States (12.4K tons)
2. Netherlands (1.9K tons)
3. China (1.3K tons)
4. Australia (0.4K tons)

Source: IndexBox Market Intelligence Platform