Northern America: Sulphites Market 2024

Sulphites Market Size in Northern America

The North American sulphites market rose markedly to $X in 2022, increasing by 14% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sulphites Production in Northern America

In value terms, sulphites production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 47%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Sulphites Exports

Exports in Northern America

In 2022, approx. X tons of sulphites were exported in Northern America; picking up by 11% on the previous year. The total export volume increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sulphites exports soared to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X tons) represented the main exporter of sulphites, making up 73% of total exports. It was distantly followed by Canada (X tons), comprising a 27% share of total exports.

Exports from the United States increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Canada (+4.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest sulphites supplier in Northern America, comprising 86% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports.

In the United States, sulphites exports expanded at an average annual rate of +7.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, jumping by 28% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.5%).

Sulphites Imports

Imports in Northern America

In 2022, imports of sulphites in Northern America rose remarkably to X tons, picking up by 12% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 12%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, sulphites imports skyrocketed to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +80.3% 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 was the major importer of sulphites in Northern America, with the volume of imports resulting at X tons, which was approx. 67% of total imports in 2022. It was distantly followed by Canada (X tons), generating a 33% share of total imports.

The United States was also the fastest-growing in terms of the sulphites imports, with a CAGR of +4.9% from 2012 to 2022. Canada (-1.9%) illustrated a downward trend over the same period. The United States (+16 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -16.1% from 2012 to 2022, respectively.

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

The United States, with a CAGR of +6.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, jumping by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat 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 (+6.4%).

Source: IndexBox Platform

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