U.S. - Hydantoin And Its Derivatives - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Hydantoin Price Plummets 22%, Averaging $9,810 per Ton
U.S. Hydantoin Import Price in November 2022
In November 2022, the hydantoin price amounted to $9,810 per ton (CIF, US), dropping by -22% against the previous month. Overall, the import price, however, posted a prominent expansion. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 74% month-to-month. Over the period under review, average import prices reached the peak figure at $15,540 per ton in August 2022; however, from September 2022 to November 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($23,850 per ton), while the price for Italy ($6,551 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by China (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Hydantoin Imports
In November 2022, supplies from abroad of hydantoin and its derivatives decreased by -25.8% to 205 tons, falling for the second month in a row after two months of growth. Over the period under review, imports, however, enjoyed measured growth. The growth pace was the most rapid in September 2022 when imports increased by 112% m-o-m. As a result, imports attained the peak of 545 tons. From October 2022 to November 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hydantoin imports shrank significantly to $2M (IndexBox estimates) in November 2022. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in February 2022 with an increase of 92% month-to-month. Over the period under review, imports attained the maximum at 5.3K tons in September 2022; however, from October 2022 to November 2022, imports stood at a somewhat lower figure.
U.S. Hydantoin Imports by Country
In November 2022, China (191 tons) was the main supplier of hydantoin to the United States, with a 93% share of total imports. It was followed by Spain (5.5 tons), with a 2.7% share of total imports. The third position in this ranking was held by Taiwan (Chinese) (4 tons), with a 2% share.
From January 2022 to November 2022, the average monthly rate of growth in terms of volume from China stood at +6.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Spain (+9.2% per month) and Taiwan (Chinese) (-12.9% per month).
In value terms, China ($1.8M) constituted the largest supplier of hydantoin to the United States, comprising 88% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($95K), with a 4.7% share of total imports. It was followed by Spain, with a 2.2% share.
From January 2022 to November 2022, the average monthly rate of growth in terms of value from China totaled +19.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Taiwan (Chinese) (-12.6% per month) and Spain (+13.0% per month).
Factors Affecting Hydantoin Prices
Hydantoin is a chemical compound that is used in a variety of industrial and pharmaceutical applications. It is a white, crystalline solid that is soluble in water and has a bitter taste. Hydantoin is produced by the reaction of ammonia with chloroacetaldehyde in the presence of a catalyst.
To produce hydantoin, manufacturers first need to create urea, which is typically done by reacting ammonia with carbon dioxide. The urea is then reacted with formaldehyde to create hydantoin. This process can be performed using either a batch or continuous method.
Hydantoin is a key ingredient in many industrial and consumer products, including plastics, adhesives, pharmaceuticals, and textiles. Asian countries are the largest consumers of hydantoin, accounting for more than 60% of global demand. The region's growing middle class is driving up demand for hydantoin-based products, while limited supplies and high production costs have led to escalating prices.
Hydantoin suppliers in the United States include both domestic and international companies. International suppliers often have lower prices due to their larger scale of production and economies of scale. However, they may also have lower quality products.
The average price of hydantoin in the United States has been steadily rising over the past few years. There are a number of factors that have contributed to this trend.
Firstly, the cost of raw materials has increased significantly. This is due to a combination of factors including higher demand from China, disruptions in supply due to weather events, and political instability in some of the major producing countries.
Secondly, transportation costs have also gone up, as fuel prices have risen and shipping companies have implemented surcharges for environmental regulations. Finally, the US dollar has weakened against other currencies, making imported products more expensive.
This report provides an in-depth analysis of the hydantoin market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21103140 - Hydantoin and its derivatives
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
