Price for Poly(Lactic Acid); in Primary Forms in Canada - 2023
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in Canada (CIF) - 2023
- Price for Poly(Lactic Acid); in Primary Forms in Canada (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in Canada
- Exports of Poly(Lactic Acid); in Primary Forms in Canada
Price for Poly(Lactic Acid); in Primary Forms in Canada (CIF) - 2023
In June 2023, the average import price for poly(lactic acid); in primary formses amounted to $5,877 per ton, rising by 13% against the previous month. In general, import price indicated a moderate increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, poly(lactic acid); in primary forms import price increased by +47.6% against February 2023 indices. The pace of growth appeared the most rapid in August 2022 an increase of 112% month-to-month. As a result, import price attained the peak level of $6,618 per ton. From September 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($9,177 per ton), while the price for the United States ($4,337 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 China (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Poly(Lactic Acid); in Primary Forms in Canada (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $2,419 per ton in 2022, stabilizing at the previous year. Overall, the export price posted a strong expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 148%. As a result, the export price attained the peak level of $3,761 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($3,722 per ton), while the average price for exports to China ($1,804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.7%), while the prices for the other major destinations experienced a decline.
Imports of Poly(Lactic Acid); in Primary Forms in Canada
For the fourth consecutive year, Canada recorded growth in purchases abroad of poly(lactic acid); in primary formses, which increased by 38% to 2.9K tons in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, poly(lactic acid); in primary forms imports expanded sharply to $13M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 91%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Poly(Lactic Acid); in Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 6.6 | 6.7 | 6.5 | 37.5% |
| Italy | 0.9 | 1.1 | 2.3 | 3.8 | 61.6% |
| China | 0.3 | 0.3 | 1.4 | 2.1 | 91.3% |
| Thailand | 1.0 | 0.3 | 0.6 | 0.3 | -33.1% |
| Netherlands | N/A | 0.4 | 0.2 | N/A | -50.0% |
| Others | 0.1 | 0.7 | 0.5 | 0.2 | 26.0% |
| Total | 4.9 | 9.4 | 11.7 | 12.9 | 38.1% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to Canada in 2022:
- United States (1331.7 tons)
- China (872.7 tons)
- Italy (648.6 tons)
- Thailand (61.8 tons)
- Netherlands (6.7 tons)
Exports of Poly(Lactic Acid); in Primary Forms in Canada
In 2022, the amount of poly(lactic acid); in primary formses exported from Canada soared to 146 tons, rising by 25% on 2021 figures. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.1% 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 +66.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, poly(lactic acid); in primary forms exports soared to $354K in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Poly(Lactic Acid); in Primary Forms in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 60.7 | 187 | 96.6 | 185 | 45.0% |
| China | 22.9 | 39.0 | 172 | 139 | 82.4% |
| Vietnam | 256 | 60.7 | N/A | 22.9 | -55.3% |
| Others | 2.5 | 26.5 | 11.0 | 7.1 | 41.6% |
| Total | 342 | 313 | 280 | 354 | 1.2% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from Canada in 2022:
- China (77.0 tons)
- United States (60.8 tons)
- Vietnam (6.2 tons)
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