Northern America: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Northern America

The North American acrylic acid esters market dropped to $X in 2022, approximately equating the previous year. Over the period under review, consumption showed a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Acrylic Acid Esters Production in Northern America

In value terms, acrylic acid esters production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a temperate increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Acrylic Acid Esters Exports

Exports in Northern America

In 2022, overseas shipments of esters of acrylic acid decreased by -8.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2015 when exports increased by 17% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, acrylic acid esters exports totaled $X in 2022. In general, exports showed a slight descent. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X tons) represented the major exporter of esters of acrylic acid in Northern America, making up 99.9% of total export.

The United States was also the fastest-growing in terms of the esters of acrylic acid exports, with a CAGR of -2.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest acrylic acid esters supplier in Northern America.

From 2012 to 2022, the average annual growth rate of value in the United States totaled -1.7%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by 11% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters export price increased by +81.4% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by 63%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.0% per year.

Acrylic Acid Esters Imports

Imports in Northern America

In 2022, overseas purchases of esters of acrylic acid increased by 3% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, acrylic acid esters imports soared to $X in 2022. Total imports indicated a notable expansion 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, imports increased by +125.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The United States represented the major importing country with an import of around X tons, which recorded 77% of total imports. It was distantly followed by Canada (X tons), mixing up a 23% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of esters of acrylic acid. At the same time, Canada (+2.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +2.9% from 2012-2022. Canada (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -3.8% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported esters of acrylic acid in Northern America, comprising 82% of total imports. The second position in the ranking was taken by Canada ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +3.0%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the import price increased by 24%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat 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 (+2.3%).

Source: IndexBox Platform

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