Northern America: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Northern America

The North American primary fiber crops market fell to $X in 2022, declining by X% against the previous year. Overall, consumption, however, recorded a pronounced descent. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Primary Fiber Crops Production in Northern America

In value terms, primary fiber crops production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Primary Fiber Crops Exports

Exports in Northern America

In 2022, exports of fiber crops (primary) in Northern America skyrocketed to X tons, increasing by X% against the previous year. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, primary fiber crops exports surged to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of fiber crops (primary), namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the fiber crops (primary) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest primary fiber crops supplier in Northern America.

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

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Primary Fiber Crops Imports

Imports in Northern America

In 2022, after three years of growth, there was significant decline in overseas purchases of fiber crops (primary), when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell sharply in the following year.

In value terms, primary fiber crops imports dropped to $X in 2022. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The United States represented the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Canada (X tons), constituting an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to primary fiber crops imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

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

In the United States, primary fiber crops imports increased at an average annual rate of X% 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 X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat 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 the United States (X%).

Source: IndexBox Platform

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