Northern America: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Northern America

In 2021, after four years of growth, there was significant decline in the North American ferro-cerium and pyrophoric alloys market, when its value decreased by -15.5% to $X. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.3% against 2015 indices. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Northern America

In value terms, ferro-cerium and pyrophoric alloys production fell sharply to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 55%. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Northern America

In 2021, the amount of ferro-cerium and pyrophoric alloys exported in Northern America expanded remarkably to X tons, with an increase of 14% on the previous year's figure. Overall, exports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports expanded to $X in 2021. Over the period under review, exports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X tons) was the major exporter of ferro-cerium and pyrophoric alloys, making up 83% of total exports. It was distantly followed by Canada (X tons), generating a 17% share of total exports.

The United States was also the fastest-growing in terms of the ferro-cerium and pyrophoric alloys exports, with a CAGR of -2.5% from 2012 to 2021. Canada (-3.0%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -4.3%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, dropping by -10.5% against the previous year. In general, the export price saw a slight setback. The growth pace was the most rapid in 2020 when the export price increased by 26%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.5%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Northern America

In 2021, approx. X tons of ferro-cerium and pyrophoric alloys were imported in Northern America; with an increase of 17% on 2020. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the major importer of ferro-cerium and pyrophoric alloys in Northern America, with the volume of imports amounting to X tons, which was approx. 64% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 36% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +5.8%).

In value terms, the United States ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in Northern America, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.9%).

Source: IndexBox Platform

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