Northern America: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Northern America

The North American double or complex silicates market surged to $X in 2021, growing by 25% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Double Or Complex Silicates in Northern America

In value terms, double or complex silicates production rose to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.8% against 2016 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Double Or Complex Silicates

Exports in Northern America

In 2021, approx. X tons of double or complex silicates were exported in Northern America; growing by 68% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, double or complex silicates exports rose to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Canada (X tons), followed by the United States (X tons) were the main exporters of double or complex silicates, together achieving 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +108.3%).

In value terms, the United States ($X) remains the largest double or complex silicates supplier in Northern America, comprising 84% of total exports. The second position in the ranking was taken by Canada ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +8.1%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, reducing by -37.5% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2013 an increase of 75% 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.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.2%).

Imports of Double Or Complex Silicates

Imports in Northern America

For the fifth consecutive year, Northern America recorded growth in supplies from abroad of double or complex silicates, which increased by 147% to X tons in 2021. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates imports skyrocketed to $X in 2021. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, finishing at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X tons), committing an 8.8% share of total imports.

The United States was also the fastest-growing in terms of the double or complex silicates imports, with a CAGR of +30.1% from 2012 to 2021. At the same time, Canada (+13.4%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +16 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported double or complex silicates in Northern America, comprising 92% of total imports. The second position in the ranking was held by Canada ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +24.8%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, which is down by -28.9% against the previous year. Overall, the import price showed a noticeable decrease. The growth pace was the most rapid in 2016 when the import price increased by 32%. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.2%).

Source: IndexBox Platform

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