Northern America: Propellant Powders Market 2024

Propellant Powders Market Size in Northern America

In 2021, after five years of decline, there was significant growth in the North American propellant powders market, when its value increased by 7.3% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Propellant Powders Production in Northern America

In value terms, propellant powders production expanded markedly to $X in 2021 estimated in export price. In general, production showed a slight slump. The pace of growth appeared the most rapid in 2014 with an increase of 10%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Propellant Powders Exports

Exports in Northern America

In 2021, overseas shipments of propellant powders increased by 17% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 55% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, propellant powders exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons), followed by Canada (X tons) were the main exporters of propellant powders, together mixing up 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +3.5%).

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

In terms of the main exporting countries, Canada, with a CAGR of +4.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 24% against the previous year. In general, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.8%).

Propellant Powders Imports

Imports in Northern America

In 2021, purchases abroad of propellant powders increased by 25% to X tons, rising for the second consecutive year after four years of decline. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +142.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 93%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, propellant powders imports skyrocketed to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +147.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 62%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was near 93% of total imports in 2021. It was distantly followed by Canada (X tons), comprising a 6.6% share of total imports.

The United States was also the fastest-growing in terms of the propellant powders imports, with a CAGR of +3.8% from 2012 to 2021. At the same time, Canada (+2.5%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported propellant powders in Northern America, comprising 95% of total imports. The second position in the ranking was held by Canada ($X), with a 5.5% share of total imports.

In the United States, propellant powders imports increased at an average annual rate of +4.1% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, growing by 21% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 28%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%).

Source: IndexBox Platform

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