Northern America: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Northern America

In 2022, the North American polycarboxylic acid market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.9% against 2016 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Production in Northern America

In value terms, polycarboxylic acid production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 36%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports in Northern America

In 2022, after two years of growth, there was significant decline in shipments abroad of polycarboxylic acids, when their volume decreased by -14.3% to X tons. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, polycarboxylic acid exports rose notably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 55% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Canada (X tons), distantly followed by the United States (X tons) represented the main exporters of polycarboxylic acids, together achieving 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +33.5%).

In value terms, the largest polycarboxylic acid supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +23.7%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, jumping by 23% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Polycarboxylic Acid Imports

Imports in Northern America

In 2022, polycarboxylic acid imports in Northern America dropped to X tons, with a decrease of -8.6% against 2021 figures. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 28%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, polycarboxylic acid imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States was the key importing country with an import of about X tons, which resulted at 86% of total imports. It was distantly followed by Canada (X tons), making up a 14% share of total imports.

The United States was also the fastest-growing in terms of the polycarboxylic acids imports, with a CAGR of +2.4% from 2012 to 2022. Canada (-1.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +5.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported polycarboxylic acids in Northern America, comprising 82% of total imports. The second position in the ranking was held by Canada ($X), with an 18% share of total imports.

In the United States, polycarboxylic acid imports increased at an average annual rate of +3.5% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 when the import price increased by 24% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.5%).

Source: IndexBox Platform

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