Northern America: Aramids Staple Market 2024

Aramids Staple Market Size in Northern America

In 2021, the North American aramids staple market decreased by -45.8% to $X, falling for the second year in a row after four years of growth. Overall, consumption showed a perceptible decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Aramids Staple Production in Northern America

In value terms, aramids staple production declined to $X in 2021 estimated in export price. In general, production showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by 108%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aramids Staple Exports

Exports in Northern America

In 2021, shipments abroad of aramids staple decreased by -5.9% to X tons, falling for the third consecutive year after two years of growth. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 53%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, aramids staple exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of aramids staple, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the aramids staple exports, with a CAGR of +3.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest aramids staple supplier in Northern America.

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

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 53% against the previous year. Overall, the export price, however, showed a slight reduction. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -1.8% per year.

Aramids Staple Imports

Imports in Northern America

In 2021, purchases abroad of aramids staple decreased by -18.3% to X tons, falling for the second year in a row after three years of growth. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 51%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aramids staple imports fell remarkably to $X in 2021. Over the period under review, imports, however, showed temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 53%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States was the largest importer of aramids staple in Northern America, with the volume of imports recording X tons, which was approx. 85% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 15% share of total imports.

The United States was also the fastest-growing in terms of the aramids staple imports, with a CAGR of +3.3% from 2012 to 2021. Canada (-1.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +6.4 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported aramids staple in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +3.8%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with a decrease of -3.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 10% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States 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 (+0.5%).

Source: IndexBox Platform

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