Northern America: Abrasives Market 2024

Abrasives Market Size in Northern America

In 2021, the North American abrasives market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.7% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Abrasives Production in Northern America

In value terms, abrasives production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 5.5%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Abrasives Exports

Exports in Northern America

In 2021, shipments abroad of abrasives (natural) increased by 24% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, abrasives exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a slight reduction. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, reaching X tons, which was approx. 95% of total exports in 2021. It was distantly followed by Canada (X tons), generating a 5.4% share of total exports.

The United States was also the fastest-growing in terms of the abrasives (natural) exports, with a CAGR of +1.0% from 2012 to 2021. Canada (-12.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +12 percentage points.

In value terms, the United States ($X) remains the largest abrasives supplier in Northern America, comprising 96% of total exports. The second position in the ranking was taken by Canada ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Abrasives Imports

Imports in Northern America

After two years of decline, overseas purchases of abrasives (natural) increased by 12% to X tons in 2021. Over the period under review, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 134% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, abrasives imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 171%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States represented the largest importer of abrasives (natural) in Northern America, with the volume of imports resulting at X tons, which was approx. 88% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 12% share of total imports.

The United States was also the fastest-growing in terms of the abrasives (natural) imports, with a CAGR of -1.5% from 2012 to 2021. Canada (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +6.6 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported abrasives (natural) in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.5%).

Source: IndexBox Platform

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