Northern America: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Northern America

The North American amine-function compounds market dropped modestly to $X in 2021, waning by -2.3% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 4.8% against the previous year. As a result, consumption attained the peak level of $X, and then contracted slightly in the following year.

Amine-Function Compounds Production in Northern America

In value terms, amine-function compounds production contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 4.7% against the previous year. As a result, production reached the peak level of $X, and then declined modestly in the following year.

Amine-Function Compounds Exports

Exports in Northern America

In 2021, overseas shipments of amine-function compounds were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a mild decrease. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, amine-function compounds exports soared to $X in 2021. Over the period under review, exports, however, showed a slight reduction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was near 93% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 6.9% share of total exports.

Exports from the United States decreased at an average annual rate of -1.8% from 2012 to 2021. At the same time, Canada (+6.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.0% from 2012-2021. While the share of Canada (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-3.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest amine-function compounds supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 6.5% share of total exports.

In the United States, amine-function compounds exports shrank by an average annual rate of -2.1% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.3%).

Amine-Function Compounds Imports

Imports in Northern America

In 2021, supplies from abroad of amine-function compounds increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the major importing country with an import of about X tons, which resulted at 77% of total imports. It was distantly followed by Canada (X tons), making up a 23% share of total imports.

The United States was also the fastest-growing in terms of the amine-function compounds imports, with a CAGR of +4.2% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+8.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-8.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported amine-function compounds in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +1.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, flattening at the previous year. In general, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when the import price increased by 5.1%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, 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 (+0.5%).

Source: IndexBox Platform

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