Northern America: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Northern America

The North American magnesium hydroxide and peroxide market totaled $X in 2022, with an increase of 4% against the previous year. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Northern America

In value terms, magnesium hydroxide and peroxide production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 12%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports in Northern America

For the fifth consecutive year, Northern America recorded decline in overseas shipments of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, which decreased by -9.3% to X tons in 2022. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 29%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports stood at $X in 2022. Over the period under review, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2014 when exports increased by 26%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X tons) was the largest exporter of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Northern America, committing 99% of total export.

The United States was also the fastest-growing in terms of the hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports, with a CAGR of -7.9% 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 magnesium hydroxide and peroxide supplier in Northern America.

In the United States, magnesium hydroxide and peroxide exports shrank by an average annual rate of -4.0% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2019 an increase of 19%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain 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 +4.3% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports in Northern America

Magnesium hydroxide and peroxide imports reached X tons in 2022, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports surged to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importer of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Northern America, with the volume of imports resulting at X tons, which was near 63% of total imports in 2022. It was distantly followed by Canada (X tons), generating a 37% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +7.3%).

In value terms, the United States ($X) constitutes the largest market for imported hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Northern America, comprising 76% of total imports. The second position in the ranking was held by Canada ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +5.2%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, jumping by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.9%).

Source: IndexBox Platform

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