Northern America: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Northern America

For the third consecutive year, the North American trichloroethylene and tetrachloroethylene market recorded growth in sales value, which increased by 35% to $X in 2021. In general, consumption recorded a strong expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Trichloroethylene And Tetrachloroethylene Production in Northern America

In value terms, trichloroethylene and tetrachloroethylene production fell slightly to $X in 2021 estimated in export price. Over the period under review, production showed a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 7.7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Trichloroethylene And Tetrachloroethylene Exports

Exports in Northern America

Trichloroethylene and tetrachloroethylene exports dropped slightly to X tons in 2021, waning by -1.7% compared with the previous year's figure. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2018 with an increase of 53% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports totaled $X in 2021. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the United States (X tons), together reaching 100% of total export.

The United States was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) exports, with a CAGR of -5.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest trichloroethylene and tetrachloroethylene supplier in Northern America.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -6.7%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, growing by 9.2% against the previous year. Overall, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -1.4% per year.

Trichloroethylene And Tetrachloroethylene Imports

Imports in Northern America

Trichloroethylene and tetrachloroethylene imports surged to X tons in 2021, jumping by 128% compared with 2020 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 128% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, trichloroethylene and tetrachloroethylene imports surged to $X in 2021. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 89% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was approx. 93% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 7% share of total imports.

The United States was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) imports, with a CAGR of +5.5% from 2012 to 2021. Canada (-18.8%) illustrated a downward trend over the same period. While the share of the United States (+37 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-37.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) in Northern America, comprising 75% of total imports. The second position in the ranking was held by Canada ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, reducing by -19.7% against the previous year. Overall, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2019 when the import price increased by 33%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 (+7.4%).

Source: IndexBox Platform

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