U.S.: Activated Carbon Market 2024

Activated Carbon Market Size in the U.S.

In 2022, the U.S. activated carbon market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Activated Carbon Production in the U.S.

In value terms, activated carbon production totaled $X in 2022. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -14.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Activated Carbon Exports

Exports from the U.S.

In 2022, approx. X tons of activated carbon were exported from the United States; dropping by -4.4% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 7.9% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, activated carbon exports surged to $X in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), Canada (X tons) and Mexico (X tons) were the main destinations of activated carbon exports from the United States, with a combined 52% share of total exports. China, South Korea, India, Japan, the UK, Brazil, Malaysia, Singapore, the Netherlands and Poland lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and Belgium ($X) appeared to be the largest markets for activated carbon exported from the United States worldwide, with a combined 53% share of total exports. South Korea, China, Poland, Brazil, India, Japan, Singapore, the UK, the Netherlands and Malaysia lagged somewhat behind, together comprising a further 35%.

Poland, with a CAGR of +21.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average activated carbon export price amounted to $X per ton, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +5.4%. 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Activated Carbon Imports

Imports into the U.S.

Activated carbon imports into the United States soared to X tons in 2022, with an increase of 27% against 2021 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, activated carbon imports soared to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +59.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Sri Lanka (X tons) and the Philippines (X tons) were the main suppliers of activated carbon imports to the United States, with a combined 57% share of total imports. Australia, China, Canada, Mexico, Germany and Indonesia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Sri Lanka ($X) and the Philippines ($X) appeared to be the largest activated carbon suppliers to the United States, with a combined 54% share of total imports. China, Australia, Canada, Mexico, Germany and Indonesia lagged somewhat behind, together accounting for a further 27%.

Australia, with a CAGR of +26.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average activated carbon import price amounted to $X per ton, rising by 8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 12% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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