Northern America: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Northern America

The North American market for compounds with other nitrogen function (excluding isocyanates) reduced to $X in 2022, waning by -1.9% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Northern America

In value terms, compounds with other nitrogen function production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 126% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Northern America

For the third consecutive year, Northern America recorded growth in shipments abroad of compounds with other nitrogen function (excluding isocyanates), which increased by 51% to X tons in 2022. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Over the period under review, exports enjoyed a remarkable 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, accounting for X tons, which was near 95% of total exports in 2022. It was distantly followed by Canada (X tons), making up a 5.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to compounds with other nitrogen function exports from the United States stood at +11.3%. At the same time, Canada (+18.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +18.2% from 2012-2022. While the share of Canada (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-2.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest compounds with other nitrogen function supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +11.8%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 2.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.5%).

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Northern America

In 2022, overseas purchases of compounds with other nitrogen function (excluding isocyanates) were finally on the rise to reach X tons after two years of decline. In general, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 59% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The United States was the major importing country with an import of about X tons, which amounted to 76% of total imports. It was distantly followed by Canada (X tons), mixing up a 24% share of total imports.

The United States was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) imports, with a CAGR of +14.7% from 2012 to 2022. At the same time, Canada (+11.0%) displayed positive paces of growth. The United States (+6.3 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -6.3% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +11.6%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, dropping by -5.5% against the previous year. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by 51% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Canada (+2.8%).

Source: IndexBox Platform

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