Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada - 2024

Contents:

1. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada (FOB) - 2024
2. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada (CIF) - 2022
3. Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada
4. Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada (FOB) - 2024

In January 2024, the average export price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $494 per ton, remaining stable against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 0.4% m-o-m. As a result, the export price reached the peak level of $652 per ton. From May 2023 to January 2024, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +0.4% per month.

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada (CIF) - 2022

In 2022, the average import price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $910 per ton, surging by 25% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oils and products of the distillation of high temperature coal tar; benzoles increased by +102.2% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, 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 +2.1% per year.

Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada

In 2022, overseas shipments of oils and products of the distillation of high temperature coal tar; benzoles decreased by -37.4% to 58K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 92K tons, and then shrank notably in the following year.

In value terms, exports of oils and products of the distillation of high temperature coal tar; benzoles contracted to $41M in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 140% against the previous year. As a result, the exports attained the peak of $47M, and then declined in the following year.

Top Export Markets for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole from Canada in 2022:

1. United States (57.7K tons)

Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Canada

For the third year in a row, Canada recorded decline in overseas purchases of oils and products of the distillation of high temperature coal tar; benzoles, which decreased by -46.7% to 20K tons in 2022. Overall, imports continue to indicate a precipitous setback. The smallest decline of -23.5% was in 2020.

In value terms, imports of oils and products of the distillation of high temperature coal tar; benzoles reduced notably to $19M in 2022. In general, imports recorded a sharp downturn. The smallest decline of -24.1% was in 2021.

Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole to Canada in 2022:

1. United States (20.4K tons)

Source: IndexBox Market Intelligence Platform