Northern America: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Northern America

The North American azo- or azoxy-compounds market dropped modestly to $X in 2022, reducing by -4.1% against the previous year. Over the period under review, consumption recorded a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in Northern America

In value terms, azo- or azoxy-compounds production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild setback. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Azo- Or Azoxy-Compounds Exports

Exports in Northern America

In 2022, the amount of diazo-, azo- or azoxy-compounds exported in Northern America shrank to X tons, waning by -13.9% on 2021 figures. Over the period under review, exports recorded a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, azo- or azoxy-compounds exports contracted to $X in 2022. Overall, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Canada (X tons), mixing up a 4.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to azo- or azoxy-compounds exports from the United States stood at -1.4%. At the same time, Canada (+7.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.0% from 2012-2022. While the share of Canada (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-2.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest azo- or azoxy-compounds supplier in Northern America, comprising 87% of total exports. The second position in the ranking was held by Canada ($X), with a 13% share of total exports.

In the United States, azo- or azoxy-compounds exports plunged by an average annual rate of -3.3% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 7.4% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by 47% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 (-1.9%).

Azo- Or Azoxy-Compounds Imports

Imports in Northern America

Azo- or azoxy-compounds imports reduced to X tons in 2022, dropping by -9.3% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, azo- or azoxy-compounds imports dropped to $X in 2022. In general, imports showed a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 21%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was near 95% of total imports in 2022. It was distantly followed by Canada (X tons), creating a 5.3% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of diazo-, azo- or azoxy-compounds. Canada experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported diazo-, azo- or azoxy-compounds in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

In the United States, azo- or azoxy-compounds imports contracted by an average annual rate of -2.4% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 4% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :