Northern America: Polycarbonate Market 2024

Polycarbonate Market Size in Northern America

The North American polycarbonate market contracted modestly to $X in 2022, with a decrease of -4.7% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.4% against 2020 indices. The level of consumption peaked at $X in 2021, and then shrank modestly in the following year.

Polycarbonate Production in Northern America

In value terms, polycarbonate production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 32%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Polycarbonate Exports

Exports in Northern America

In 2022, overseas shipments of polycarbonates (in primary forms) decreased by -2.2% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 9.3%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarbonate exports stood at $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, recording X tons, which was approx. 96% of total exports in 2022. Canada (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polycarbonate exports from the United States stood at -2.0%. At the same time, Canada (+2.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.2% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest polycarbonate supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -1.1%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.2%).

Polycarbonate Imports

Imports in Northern America

In 2022, approx. X tons of polycarbonates (in primary forms) were imported in Northern America; which is down by -12.1% compared with 2021. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, polycarbonate imports contracted to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The United States was the main importer of polycarbonates (in primary forms) in Northern America, with the volume of imports resulting at X tons, which was near 75% of total imports in 2022. It was distantly followed by Canada (X tons), comprising a 25% share of total imports.

The United States was also the fastest-growing in terms of the polycarbonates (in primary forms) imports, with a CAGR of +6.8% from 2012 to 2022. At the same time, Canada (+2.0%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +9.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported polycarbonates (in primary forms) in Northern America, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 26% share of total imports.

In the United States, polycarbonate imports expanded at an average annual rate of +6.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by 4.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.2%).

Source: IndexBox Platform

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