Northern America: Sulphonamides Market 2024

Sulphonamides Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American sulphonamides market, when its value decreased by -14% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Sulphonamides Production in Northern America

In value terms, sulphonamides production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 144%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Sulphonamides Exports

Exports in Northern America

In 2021, overseas shipments of sulphonamides decreased by -2.6% to X tons, falling for the second year in a row after four years of growth. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sulphonamides exports fell remarkably to $X in 2021. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 89%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons) was the main exporter of sulphonamides, generating 66% of total exports. It was distantly followed by Canada (X tons), making up a 34% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +21.7%).

In value terms, the United States ($X) remains the largest sulphonamides supplier in Northern America, comprising 76% of total exports. The second position in the ranking was taken by Canada ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -15.7%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, waning by -51.3% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when the export price increased by 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.4%).

Sulphonamides Imports

Imports in Northern America

In 2021, purchases abroad of sulphonamides increased by 24% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a slight descent. 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, sulphonamides imports fell rapidly to $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 63%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, finishing at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 9.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to sulphonamides imports into the United States stood at -2.0%. At the same time, Canada (+7.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.7% from 2012-2021. While the share of Canada (+5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported sulphonamides in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

In the United States, sulphonamides imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, falling by -35.9% against the previous year. In general, the import price, however, saw a perceptible increase. The pace of growth was the most pronounced in 2018 when the import price increased by 62%. The level of import peaked at $X per ton in 2020, and then contracted remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+13.9%).

Source: IndexBox Platform

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