Northern America: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Northern America

For the third consecutive year, the North American peroxides of sodium market recorded decline in sales value, which decreased by -11% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Peroxides Of Sodium Production in Northern America

In value terms, peroxides of sodium production reduced slightly to $X in 2021 estimated in export price. In general, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Peroxides Of Sodium Exports

Exports in Northern America

For the fourth consecutive year, Northern America recorded growth in shipments abroad of peroxides of sodium or potassium, which increased by 24% to X tons in 2021. In general, exports, however, showed a slight contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, peroxides of sodium exports amounted to $X in 2021. Overall, exports, however, faced a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 32% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of peroxides of sodium or potassium, namely the United States, represented more than two-thirds of total export.

The United States experienced a relatively flat trend pattern with regard to volume of exports of peroxides of sodium or potassium. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest peroxides of sodium supplier in Northern America.

In the United States, peroxides of sodium exports declined by an average annual rate of -12.3% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, falling by -18.5% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 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 -11.5% per year.

Peroxides Of Sodium Imports

Imports in Northern America

In 2021, overseas purchases of peroxides of sodium or potassium increased by 52% to X tons, rising for the third year in a row after six years of decline. In general, imports, however, showed a abrupt setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, peroxides of sodium imports surged to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 103%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Canada was the major importer of peroxides of sodium or potassium in Northern America, with the volume of imports reaching X tons, which was approx. 68% of total imports in 2021. Greenland (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by the United States (15%). Bermuda (X tons) followed a long way behind the leaders.

Imports into Canada decreased at an average annual rate of -11.0% from 2012 to 2021. At the same time, Greenland (+68.4%) and the United States (+4.6%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of +68.4% from 2012-2021. By contrast, Bermuda (-2.5%) illustrated a downward trend over the same period. Greenland (+15 p.p.) and the United States (+10 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -25.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Canada ($X) and Greenland ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 100% of total imports.

Greenland, with a CAGR of +40.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 171%. As a result, import price reached 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, the country with the highest price was the United States ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+20.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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