Northern America: Cadmium Market 2024

Cadmium Market Size in Northern America

The North American cadmium market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption continues to indicate a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Cadmium Production in Northern America

In value terms, cadmium production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a perceptible increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 100%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Cadmium Exports

Exports in Northern America

In 2021, after two years of growth, there was decline in overseas shipments of cadmium, when their volume decreased by -3.2% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 17% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cadmium exports declined to $X in 2021. In general, exports saw a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 26%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Canada prevails in exports structure, recording X tons, which was near 94% of total exports in 2021. It was distantly followed by the United States (X tons), mixing up a 5.6% share of total exports.

Canada was also the fastest-growing in terms of the cadmium exports, with a CAGR of +1.5% from 2012 to 2021. The United States (-14.5%) illustrated a downward trend over the same period. While the share of Canada (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-16.2 p.p.) displayed negative dynamics.

In value terms, Canada ($X) remains the largest cadmium supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Canada totaled -1.1%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, which is down by -6% against the previous year. Over the period under review, the export price saw a mild curtailment. The growth pace was the most rapid in 2018 an increase of 92% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat 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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.6%).

Cadmium Imports

Imports in Northern America

In 2021, overseas purchases of cadmium decreased by -36.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a mild increase. The pace of growth appeared the most rapid in 2019 with an increase of 87% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced remarkably in the following year.

In value terms, cadmium imports shrank notably to $X in 2021. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2015 when imports increased by 84% against the previous year. 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 dominates imports structure, resulting at X tons, which was near 94% of total imports in 2021. It was distantly followed by Canada (X tons), creating a 5.8% share of total imports.

Imports into the United States increased at an average annual rate of +1.2% from 2012 to 2021. At the same time, Canada (+23.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +23.9% from 2012-2021. While the share of Canada (+4.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-4.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported cadmium in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with a 9.1% share of total imports.

In the United States, cadmium imports decreased by an average annual rate of -3.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, which is down by -14.8% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the import price increased by 75% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 the United States (-4.8%).

Source: IndexBox Platform

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