Northern America: Polyurethanes Market 2024

Polyurethanes Market Size in Northern America

The North American polyurethanes market expanded notably to $X in 2021, with an increase of 8.6% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 decreased by -1.2% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Polyurethanes Production in Northern America

In value terms, polyurethanes production rose markedly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 decreased by -4.6% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Polyurethanes Exports

Exports in Northern America

In 2021, after three years of decline, there was growth in shipments abroad of polyurethanes in primary forms, when their volume increased by 4.4% to X tons. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 24% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyurethanes exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the main exporter of polyurethanes in primary forms in Northern America, with the volume of exports accounting for X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Canada (X tons), generating a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to polyurethanes exports from the United States stood at +2.2%. At the same time, Canada (+9.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +9.8% from 2012-2021. From 2012 to 2021, the share of Canada increased by +4.6 percentage points.

In value terms, the United States ($X) remains the largest polyurethanes supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +2.9%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.7%).

Polyurethanes Imports

Imports in Northern America

In 2021, overseas purchases of polyurethanes in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports soared to $X in 2021. The total import value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) represented the largest importer of polyurethanes in primary forms, generating 64% of total imports. It was distantly followed by Canada (X tons), mixing up a 35% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +8.2%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021.

Among the main importing countries, the United States, with a CAGR of +5.7%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, picking up by 4.7% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :