Northern America: Carbonate Market 2024

Carbonate Market Size in Northern America

The North American carbonate market shrank to $X in 2021, dropping by -9.8% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Carbonate Production in Northern America

In value terms, carbonate production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Carbonate Exports

Exports in Northern America

Carbonate exports soared to X tons in 2021, picking up by 22% compared with the previous year. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, carbonate exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), together finishing at 100% of total export.

The United States was also the fastest-growing in terms of the carbonates and peroxocarbonates exports, with a CAGR of +1.1% 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 carbonate supplier in Northern America.

From 2012 to 2021, 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 2021, shrinking by -1.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 7.3% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 +0.2% per year.

Carbonate Imports

Imports in Northern America

In 2021, the amount of carbonates and peroxocarbonates imported in Northern America expanded modestly to X tons, rising by 3.3% against 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 13%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, carbonate imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 20%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) and the United States (X tons) was the key importer of carbonates and peroxocarbonates in Northern America, comprising 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of +5.9%).

In value terms, the United States ($X) constitutes the largest market for imported carbonates and peroxocarbonates in Northern America, comprising 69% of total imports. The second position in the ranking was held by Canada ($X), with a 31% share of total imports.

In the United States, carbonate imports increased at an average annual rate of +3.7% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, surging by 1.9% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carbonate import price decreased by -18.6% against 2018 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 19%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.3%).

Source: IndexBox Platform

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