Northern America: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Northern America

In 2021, the North American oxygen-function amino-compound market increased by 4.9% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Oxygen-Function Amino-Compound Production in Northern America

In value terms, oxygen-function amino-compound production fell modestly to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Oxygen-Function Amino-Compound Exports

Exports in Northern America

Oxygen-function amino-compound exports totaled X tons in 2021, increasing by 14% against the previous year. Overall, exports, however, recorded a pronounced shrinkage. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports soared to $X in 2021. In general, exports, however, showed a pronounced decline. 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, accounting for X tons, which was near 98% of total exports in 2021. Canada (X tons) held a minor share of total exports.

Exports from the United States decreased at an average annual rate of -3.8% from 2012 to 2021. At the same time, Canada (+12.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +12.0% from 2012-2021. Canada (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -1.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest oxygen-function amino-compound supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -2.7%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, 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 the United States (+1.2%).

Oxygen-Function Amino-Compound Imports

Imports in Northern America

Oxygen-function amino-compound imports surged to X tons in 2021, jumping by 22% against 2020 figures. The total import volume increased at an average annual rate of +6.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 22% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, oxygen-function amino-compound imports surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced shrinkage. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the key importing country with an import of around X tons, which reached 69% of total imports. It was distantly followed by Canada (X tons), mixing up a 31% share of total imports.

The United States was also the fastest-growing in terms of the oxygen-function amino-compounds imports, with a CAGR of +7.0% from 2012 to 2021. At the same time, Canada (+5.6%) displayed positive paces of growth. While the share of the United States (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-2.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported oxygen-function amino-compounds in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

In the United States, oxygen-function amino-compound imports plunged by an average annual rate of -4.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, picking up by 27% against the previous year. In general, the import price, however, recorded a abrupt contraction. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.3%).

Source: IndexBox Platform

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