Northern America: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Northern America

In 2022, the North American reaction initiators and accelerators market decreased by -2.5% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, showed a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Northern America

In value terms, reaction initiators and accelerators production amounted to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The growth pace was the most rapid in 2015 with an increase of 31%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in Northern America

In 2022, overseas shipments of reaction initiators, reaction accelerators and catalytic preparations increased by 14% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Canada (X tons), achieving an 8.5% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of reaction initiators, reaction accelerators and catalytic preparations. At the same time, Canada (+5.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.3% from 2012-2022. While the share of Canada (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-3.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest reaction initiators and accelerators supplier in Northern America, comprising 84% of total exports. The second position in the ranking was taken by Canada ($X), with a 16% share of total exports.

In the United States, reaction initiators and accelerators exports increased at an average annual rate of +4.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, declining by -3.4% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators export price increased by +46.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+4.2%).

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in Northern America

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 5.2% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports declined slightly to $X in 2022. Over the period under review, imports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of 66% 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 was the main importing country with an import of around X tons, which resulted at 64% of total imports. It was distantly followed by Canada (X tons), committing a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of -1.3%).

In value terms, the United States ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in Northern America, comprising 81% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

In the United States, reaction initiators and accelerators imports increased at an average annual rate of +4.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, reducing by -8% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when the import price increased by 63%. As a result, import price reached the peak level of $X per ton, and then reduced 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 the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :