Northern America: Hydantoin Market 2024

Hydantoin Market Size in Northern America

The North American hydantoin market skyrocketed to $X in 2022, with an increase of 17% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in Northern America

In value terms, hydantoin production dropped to $X in 2022 estimated in export price. In general, production showed a perceptible decline. The pace of growth was the most pronounced in 2019 when the production volume increased by 39%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports in Northern America

In 2022, the amount of hydantoin and its derivatives exported in Northern America shrank notably to X tons, reducing by -23.4% against the previous year. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hydantoin exports dropped significantly to $X in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 54%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) was the largest exporter of hydantoin and its derivatives, constituting 84% of total exports. It was distantly followed by Canada (X tons), generating a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydantoin exports from the United States stood at -7.8%. Canada experienced a relatively flat trend pattern. Canada (+8.5 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -8.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest hydantoin supplier in Northern America, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -6.6%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, shrinking by -7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 52% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.8%).

Hydantoin Imports

Imports in Northern America

In 2022, overseas purchases of hydantoin and its derivatives increased by 13% to X tons, rising for the second year in a row after three years of decline. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +30.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 54% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydantoin imports surged to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +68.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 60%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States was the main importer of hydantoin and its derivatives in Northern America, with the volume of imports amounting to X tons, which was near 84% of total imports in 2022. It was distantly followed by Canada (X tons), committing a 16% share of total imports.

The United States was also the fastest-growing in terms of the hydantoin and its derivatives imports, with a CAGR of +4.1% from 2012 to 2022. Canada (-3.5%) illustrated a downward trend over the same period. The United States (+13 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -12.7% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported hydantoin and its derivatives in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with a 9.5% share of total imports.

In the United States, hydantoin imports increased at an average annual rate of +2.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 27% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 (+5.9%).

Source: IndexBox Platform

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