Northern America: Activated Carbon Market 2024

Activated Carbon Market Size in Northern America

The North American activated carbon market expanded significantly to $X in 2022, surging by 14% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Activated Carbon Production in Northern America

In value terms, activated carbon production totaled $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Activated Carbon Exports

Exports in Northern America

Activated carbon exports contracted modestly to X tons in 2022, approximately equating the year before. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 6.1% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, activated carbon exports soared to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the main exporting country with an export of around X tons, which finished at 87% of total exports. It was distantly followed by Canada (X tons), achieving a 13% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of activated carbon. At the same time, Canada (+1.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.2% from 2012-2022. From 2012 to 2022, the share of Canada increased by +1.9 percentage points.

In value terms, the United States ($X) remains the largest activated carbon supplier in Northern America, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +4.7%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%).

Activated Carbon Imports

Imports in Northern America

Activated carbon imports skyrocketed to X tons in 2022, picking up by 23% compared with the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, activated carbon imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the key importer of activated carbon in Northern America, with the volume of imports finishing at X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Canada (X tons), constituting a 15% share of total imports.

The United States was also the fastest-growing in terms of the activated carbon imports, with a CAGR of +3.1% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -3.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported activated carbon in Northern America, comprising 79% of total imports. The second position in the ranking was held by Canada ($X), with a 21% share of total imports.

In the United States, activated carbon imports increased at an average annual rate of +3.8% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 12%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.8%).

Source: IndexBox Platform

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