Decrease in Lysine Price in Canada to $1,189 per Ton

Decrease in Lysine Price in Canada to $1,189 per Ton

Canada Lysine Import Price in June 2023

In June 2023, the price of lysine in Canada reached $1,189 per ton, showing a slight decrease of -8.1% compared to the previous month. Although there were fluctuations, the overall import price experienced a noticeable decline. The most significant growth rate occurred in September 2022, with a 12% increase month-on-month, reaching a peak of $1,937 per ton. However, from October 2022 to June 2023, the average import prices failed to regain momentum.

Prices varied significantly depending on the country of origin, with the United States having the highest price at $1,817 per ton, while China offered a price of $1,126 per ton.

During the period from June 2022 to June 2023, the United States saw a notable decrease of -2.5% in terms of prices.

Canada Lysine Import Prices By Country (USD Per Ton)

Canada Lysine Imports

In June 2023, Canada witnessed a significant increase in the import of lysine and its esters and salts, amounting to 3.6K tons, which was a rise of 9.4% compared to May 2023. However, the overall trend for imports showed a significant contraction. The most substantial growth rate occurred in December 2022, with a 78% increase month-on-month.

In terms of value, lysine imports were estimated at $4.3M (according to IndexBox estimates) in June 2023. Importantly, imports suffered a significant decrease, with the highest growth rate observed in December 2022 at 75% month-on-month.

Canada Lysine Imports by Country

In June 2023, China emerged as the main supplier of lysine to Canada, accounting for 90% of total imports with 3.3K tons. China's import volume exceeded that of the second-largest supplier, the United States, by more than tenfold, with 273 tons.

From June 2022 to June 2023, the average monthly growth rate of volume from China stood at -3.6%.

In terms of value, China constituted the largest supplier with $3.7M, comprising 85% of total imports. The United States held the second position with $496K, encompassing a 12% share of total imports.

From June 2022 to June 2023, the average monthly growth rate in terms of value from China amounted to -6.5%.

Source: IndexBox Market Intelligence Platform

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