Northern America: Natural Polymers Market 2024

Natural Polymers Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American natural polymers market, when its value decreased by -5.8% to $X. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +66.8% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Natural Polymers Production in Northern America

In value terms, natural polymers production shrank to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.1% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Natural Polymers Exports

Exports in Northern America

In 2021, the amount of natural and modified natural polymers in primary forms exported in Northern America expanded modestly to X tons, with an increase of 2.3% against the previous year. Over the period under review, exports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 7.4%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, natural polymers exports amounted to $X in 2021. In general, exports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 4.5% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was near 91% of total exports in 2021. It was distantly followed by Canada (X tons), achieving a 9.4% share of total exports.

Exports from the United States decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Canada (+1.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.0% from 2012-2021. Canada (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -1.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest natural polymers supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.1% share of total exports.

In the United States, natural polymers exports shrank by an average annual rate of -2.3% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, shrinking by -1.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 15%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.7%).

Natural Polymers Imports

Imports in Northern America

In 2021, purchases abroad of natural and modified natural polymers in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, natural polymers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the key importing country with an import of around X tons, which accounted for 74% of total imports. It was distantly followed by Canada (X tons), generating a 26% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of natural and modified natural polymers in primary forms. At the same time, Canada (+5.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +5.1% from 2012-2021. Canada (+8 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -8% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported natural and modified natural polymers in primary forms in Northern America, comprising 83% of total imports. The second position in the ranking was held by Canada ($X), with a 17% share of total imports.

In the United States, natural polymers imports expanded at an average annual rate of +3.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, waning by -2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2016 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

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 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 (+3.3%).

Source: IndexBox Platform

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