Northern America: Alcohols Market 2021

Alcohols Market Size in Northern America

The North American alcohols market rose rapidly to $X in 2020, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Alcohols Production in Northern America

In value terms, alcohols production fell to $X in 2020 estimated in export prices. Over the period under review, production, however, enjoyed a modest expansion. The growth pace was the most rapid in 2012 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2019, and then reduced in the following year.

Production By Country in Northern America

The U.S. (X tons) constituted the country with the largest volume of alcohols production, comprising approx. X% of total volume. Moreover, alcohols production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in the U.S. totaled +X%.

Alcohols Exports

Exports in Northern America

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported in Northern America; growing by X% compared with 2019. In general, exports showed temperate growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in the near future.

In value terms, alcohols exports declined to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. was the main exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Northern America, with the volume of exports resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

The U.S. was also the fastest-growing in terms of the alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports, with a CAGR of +X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. From 2007 to 2020, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) remains the largest alcohols supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in the U.S. stood at +X%.

Export Prices by Country

In 2020, the alcohols export price in Northern America amounted to $X per ton, declining by -X% against the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Canada amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Alcohols Imports

Imports in Northern America

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported in Northern America; jumping by X% against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, alcohols imports skyrocketed to $X in 2020. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The level of import peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

The U.S. dominates alcohols imports structure, finishing at X tons, which was approx. X% of total imports in 2020. It was distantly followed by Canada (X tons), creating a X% share of total imports.

The U.S. experienced a relatively flat trend pattern with regard to volume of imports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives. Canada (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., alcohols imports remained relatively stable over the period from 2007-2020.

Import Prices by Country

In 2020, the alcohols import price in Northern America amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

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