Northern America: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Northern America

The North American sulphuric acid market soared to $X in 2022, growing by 18% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +90.3% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Sulphuric Acid Production in Northern America

In value terms, sulphuric acid production rose modestly to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Sulphuric Acid Exports

Exports in Northern America

In 2022, shipments abroad of sulphuric acid and oleum increased by 7.3% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 13%. Over the period under review, the exports attained the peak figure at X tons in 2016; afterwards, it flattened through to 2022.

In value terms, sulphuric acid exports soared to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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

In 2022, Canada (X tons) was the largest exporter of sulphuric acid and oleum, generating 75% of total exports. It was distantly followed by the United States (X tons), committing a 25% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sulphuric acid exports from Canada stood at -1.1%. At the same time, the United States (+14.2%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +14.2% from 2012-2022. The United States (+18 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -17.6% from 2012 to 2022, respectively.

In value terms, Canada ($X) remains the largest sulphuric acid supplier in Northern America, comprising 85% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada stood at +2.2%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with an increase of 43% against the previous year. Overall, the export price showed slight growth. As a result, the export price attained 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 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 (+3.3%).

Sulphuric Acid Imports

Imports in Northern America

In 2022, imports of sulphuric acid and oleum in Northern America soared to X tons, rising by 91% compared with the previous year's figure. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid imports soared to $X in 2022. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, reaching X tons, which was near 98% of total imports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the sulphuric acid and oleum imports, with a CAGR of +7.7% from 2012 to 2022. At the same time, Canada (+3.7%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported sulphuric acid and oleum in Northern America, comprising 95% of total imports. The second position in the ranking was held by Canada ($X), with a 4.8% share of total imports.

In the United States, sulphuric acid imports increased at an average annual rate of +6.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 9.2% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2014 when the import price increased by 42%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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 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 (+1.1%).

Source: IndexBox Platform

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