Northern America: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Northern America

After four years of decline, the North American carbon dioxide market increased by 8.8% to $X in 2022. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -23.7% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Carbon Dioxide Production in Northern America

In value terms, carbon dioxide production rose sharply to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -26.6% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 32% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Carbon Dioxide Exports

Exports in Northern America

Carbon dioxide exports expanded slightly to X tons in 2022, increasing by 1.6% compared with 2021 figures. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 24% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, carbon dioxide exports contracted to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the major exporting country with an export of around X tons, which accounted for 73% of total exports. It was distantly followed by Canada (X tons), comprising a 27% share of total exports.

The United States was also the fastest-growing in terms of the carbon dioxide exports, with a CAGR of +8.6% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (+20 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -20% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest carbon dioxide supplier in Northern America, comprising 79% of total exports. The second position in the ranking was held by Canada ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +1.4%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, waning by -12% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Carbon Dioxide Imports

Imports in Northern America

In 2022, carbon dioxide imports in Northern America skyrocketed to X tons, growing by 23% against 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, carbon dioxide imports surged to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which resulted at 67% of total imports. It was distantly followed by Canada (X tons), achieving a 33% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of +0.4%).

In value terms, the United States ($X) constitutes the largest market for imported carbon dioxide in Northern America, comprising 81% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

In the United States, carbon dioxide imports expanded at an average annual rate of +5.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.2%).

Source: IndexBox Platform

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