Carboxylic Acid Market Overview in Canada
In value terms, carboxylic acid production amounted to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Carboxylic acid production peaked in and is likely to see gradual growth in years to come.
The revenue of the carboxylic acid market in Canada dropped to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by % y-o-y. Carboxylic acid consumption peaked at $ in 2015; however, from 2016 to , consumption failed to regain the momentum.