Northern America: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Northern America

In 2021, the North American industrial fatty alcohols market decreased by -6% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Industrial Fatty Alcohols Production in Northern America

In value terms, industrial fatty alcohols production expanded slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports in Northern America

Industrial fatty alcohols exports skyrocketed to X tons in 2021, growing by 23% compared with 2020. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols exports soared to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of industrial fatty alcohols, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the industrial fatty alcohols exports, with a CAGR of +2.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest industrial fatty alcohols supplier in Northern America.

In the United States, industrial fatty alcohols exports expanded at an average annual rate of +2.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 9.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 12%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -0.7% per year.

Industrial Fatty Alcohols Imports

Imports in Northern America

Industrial fatty alcohols imports contracted to X tons in 2021, falling by -7.6% compared with the year before. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, industrial fatty alcohols imports soared to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States dominates imports structure, amounting to X tons, which was approx. 93% of total imports in 2021. It was distantly followed by Canada (X tons), comprising a 7.2% share of total imports.

The United States was also the fastest-growing in terms of the industrial fatty alcohols imports, with a CAGR of +3.2% from 2012 to 2021. Canada (-6.7%) illustrated a downward trend over the same period. The United States (+9 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -9% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported industrial fatty alcohols in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with an 8.6% share of total imports.

In the United States, industrial fatty alcohols imports increased at an average annual rate of +2.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 41% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.8%).

Source: IndexBox Platform

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