Northern America: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Northern America

In 2022, the North American prepared additives for cements market increased by 2.4% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a strong increase. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Prepared Additives For Cements, Mortars Or Concretes in Northern America

In value terms, prepared additives for cements production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The growth pace was the most rapid in 2018 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports in Northern America

In 2022, shipments abroad of prepared additives for cements, mortars or concretes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a slight decline. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared additives for cements exports surged to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the main exporter of prepared additives for cements, mortars or concretes in Northern America, with the volume of exports reaching X tons, which was near 75% of total exports in 2022. It was distantly followed by Canada (X tons), committing a 25% share of total exports.

Exports from the United States decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Canada (+7.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.8% from 2012-2022. Canada (+15 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -14.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest prepared additives for cements supplier in Northern America, comprising 69% of total exports. The second position in the ranking was taken by Canada ($X), with a 31% share of total exports.

In the United States, prepared additives for cements exports plunged by an average annual rate of -1.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. 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 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.7%).

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports in Northern America

In 2022, the amount of prepared additives for cements, mortars or concretes imported in Northern America surged to X tons, rising by 103% on the previous year's figure. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared additives for cements imports surged to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +77.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importer of prepared additives for cements, mortars or concretes in Northern America, with the volume of imports amounting to X tons, which was near 76% of total imports in 2022. It was distantly followed by Canada (X tons), constituting a 24% share of total imports.

The United States was also the fastest-growing in terms of the prepared additives for cements, mortars or concretes imports, with a CAGR of +18.5% from 2012 to 2022. Canada (-2.8%) illustrated a downward trend over the same period. The United States (+46 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -45.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, the United States, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, which is down by -29% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined sharply in the following year.

There were significant differences in the average prices 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 (+2.5%).

Source: IndexBox Platform

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