Northern America: Carbides Market 2024

Carbides Market Size in Northern America

The North American carbides market reduced slightly to $X in 2022, which is down by -1.5% against the previous year. Overall, consumption, however, continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Carbides Production in Northern America

In value terms, carbides production fell to $X in 2022 estimated in export price. In general, production saw a pronounced slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 35% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carbides Exports

Exports in Northern America

In 2022, the amount of carbides exported in Northern America rose remarkably to X tons, picking up by 7.9% on 2021. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 22%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbides exports surged to $X in 2022. In general, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the major exporter of carbides in Northern America, with the volume of exports recording X tons, which was near 82% of total exports in 2022. It was distantly followed by Canada (X tons), comprising an 18% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carbides exports from the United States stood at -6.3%. At the same time, Canada (+7.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.9% from 2012-2022. Canada (+13 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -12.6% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest carbides supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by Canada ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -5.3%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, growing by 9.5% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides export price increased by +17.6% against 2020 indices. The growth pace was the most rapid in 2018 when the export price increased by 31%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).

Carbides Imports

Imports in Northern America

In 2022, overseas purchases of carbides increased by 29% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, carbides imports surged to $X in 2022. Overall, imports enjoyed tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, finishing at X tons, which was near 91% of total imports in 2022. It was distantly followed by Canada (X tons), committing a 9.2% share of total imports.

The United States was also the fastest-growing in terms of the carbides imports, with a CAGR of +3.6% from 2012 to 2022. Canada (-5.2%) illustrated a downward trend over the same period. While the share of the United States (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-10.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported carbides in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

In the United States, carbides imports increased at an average annual rate of +4.1% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 26% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 36% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.3%).

Source: IndexBox Platform

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