Northern America: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Northern America

In 2021, the North American market for lauric acid and other acids, their salts and esters increased by 41% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Northern America

In value terms, production of lauric acid and other acids, their salts and esters shrank to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 +77.6% against 2017 indices. The growth pace was the most rapid in 2018 when the production volume increased by 30%. Over the period under review, production of attained the peak level at $X in 2020, and then declined in the following year.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in Northern America

For the fifth consecutive year, Northern America recorded growth in overseas shipments of lauric acid and other acids, their salts and esters, which increased by 4.2% to X tons in 2021. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in esters structure, reaching X tons, which was near 97% of total exports in 2021. Canada (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lauric acid and other acids, their salts and esters exports from the United States stood at +3.8%. At the same time, Canada (+35.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +35.9% from 2012-2021. From 2012 to 2021, the share of Canada increased by +2.7 percentage points.

In value terms, the United States ($X) remains the largest lauric acid and other acids, their salts and esters supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 1.6% share of total exports.

In the United States, exports of lauric acid and other acids, their salts and esters increased at an average annual rate of +2.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, rising by 18% against the previous year. Overall, the export price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2014 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.7%).

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in Northern America

For the fifth year in a row, Northern America recorded growth in overseas purchases of lauric acid and other acids, their salts and esters, which increased by 138% to X tons in 2021. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters surged to $X in 2021. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in esters structure, accounting for X tons, which was approx. 98% of total imports in 2021. Canada (X tons) took a relatively small share of total imports.

The United States was also the fastest-growing in terms of the lauric acid and other acids, their salts and esters imports, with a CAGR of +17.6% from 2012 to 2021. At the same time, Canada (+2.5%) displayed positive paces of growth. While the share of the United States (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-5.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported lauric acid and other acids, their salts and esters in Northern America, comprising 98% of total imports. The second position in the ranking was taken by Canada ($X), with a 2% share of total imports.

In the United States, imports of lauric acid and other acids, their salts and esters expanded at an average annual rate of +23.2% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, which is down by -6.6% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for lauric acid and other acids, their salts and esters increased by +69.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 71% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, 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 the United States (+4.8%).

Source: IndexBox Platform

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