Northern America: Bismuth Market 2022

Bismuth Market Size in Northern America

After three years of decline, the North American bismuth market increased by 6.4% to $X in 2021. Over the period under review, consumption, however, recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Bismuth Production in Northern America

In value terms, bismuth production shrank modestly to $X in 2021 estimated in export price. In general, production showed a drastic downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 9.1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bismuth Exports

Exports in Northern America

In 2021, approx. X tons of bismuth were exported in Northern America; increasing by 38% against 2020. Total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.4% against 2017 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 46% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, bismuth exports surged to $X in 2021. Over the period under review, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, recording X tons, which was approx. 97% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the bismuth exports, with a CAGR of +2.2% from 2012 to 2021. Canada (-9.8%) illustrated a downward trend over the same period. While the share of the United States (+5.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-5.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest bismuth supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +6.8%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%).

Bismuth Imports

Imports in Northern America

In 2021, purchases abroad of bismuth was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 -30.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, bismuth imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by 54%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, recording X tons, which was near 93% of total imports in 2021. It was distantly followed by Canada (X tons), comprising a 7.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to bismuth imports into the United States stood at +1.5%. At the same time, Canada (+7.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.9% from 2012-2021. From 2012 to 2021, the share of Canada increased by +3 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported bismuth in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with an 8.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -9.6%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 20% against the previous year. In general, the import price, however, saw a deep downturn. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Canada (-9.8%).

Source: IndexBox Platform

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