U.S.: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in the U.S.

In 2022, the U.S. carbon dioxide market was finally on the rise to reach $X after four years of decline. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -23.1% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Carbon Dioxide Production in the U.S.

In value terms, carbon dioxide production rose remarkably to $X in 2022. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -26.0% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35%. Carbon dioxide production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Carbon Dioxide Exports

Exports from the U.S.

Carbon dioxide exports from the United States amounted to X tons in 2022, approximately reflecting the previous year. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 53%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, carbon dioxide exports fell significantly to $X in 2022. Overall, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -40.6% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 34%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for carbon dioxide exports from the United States, accounting for a 83% share of total exports. Moreover, carbon dioxide exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +29.4%.

In value terms, the largest markets for carbon dioxide exported from the United States were Mexico ($X) and Canada ($X).

Among the main countries of destination, Mexico, with a CAGR of +14.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average carbon dioxide export price amounted to $X per ton, declining by -16.9% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.6%).

Carbon Dioxide Imports

Imports into the U.S.

In 2022, the amount of carbon dioxide imported into the United States soared to X tons, growing by 25% compared with 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbon dioxide imports surged to $X in 2022. Overall, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), Costa Rica (X tons) and Trinidad and Tobago (X tons) were the main suppliers of carbon dioxide imports to the United States, together accounting for 56% of total imports. Canada, Israel, Austria, China, South Korea, Hungary, Japan, the Dominican Republic and the UK lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +102.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon dioxide suppliers to the United States were Israel ($X), Canada ($X) and Taiwan (Chinese) ($X), together accounting for 56% of total imports. Austria, China, Hungary, South Korea, Japan, Trinidad and Tobago, Costa Rica, the UK and the Dominican Republic lagged somewhat behind, together accounting for a further 42%.

Among the main suppliers, South Korea, with a CAGR of +105.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carbon dioxide import price stood at $X per ton in 2022, with an increase of 31% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon dioxide import price increased by +105.7% against 2018 indices. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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