U.S.: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in the U.S.

The U.S. azo- or azoxy-compounds market declined slightly to $X in 2022, waning by -4.7% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Azo- Or Azoxy-Compounds Production in the U.S.

In value terms, azo- or azoxy-compounds production declined to $X in 2022. Overall, the total production indicated a mild increase 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, production decreased by -1.9% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 112% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from the U.S.

In 2022, the amount of diazo-, azo- or azoxy-compounds exported from the United States reduced to X tons, waning by -14.3% on the previous year. Overall, exports showed a slight reduction. The growth pace was the most rapid in 2018 with an increase of 40%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, azo- or azoxy-compounds exports shrank to $X in 2022. Over the period under review, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), Mexico (X tons) and Belgium (X tons) were the main destinations of azo- or azoxy-compounds exports from the United States, together accounting for 56% of total exports. Germany, Canada, the UK and Japan lagged somewhat behind, together comprising a further 36%.

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

In value terms, the largest markets for azo- or azoxy-compounds exported from the United States were Germany ($X), South Korea ($X) and the UK ($X), together accounting for 55% of total exports. Belgium, Japan, Mexico and Canada lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Japan, with a CAGR of +32.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average azo- or azoxy-compounds export price stood at $X per ton in 2022, with an increase of 5.8% against the previous year. Overall, the export price, however, showed a slight slump. The pace of growth appeared the most rapid in 2019 an increase of 48%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mexico ($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 Japan (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into the U.S.

Azo- or azoxy-compounds imports into the United States contracted to X tons in 2022, waning by -7.1% compared with 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, azo- or azoxy-compounds imports shrank to $X in 2022. In general, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Indonesia (X tons) and South Korea (X tons) were the main suppliers of azo- or azoxy-compounds imports to the United States, together comprising 76% of total imports.

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 +26.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest azo- or azoxy-compounds suppliers to the United States were China ($X), Japan ($X) and Mexico ($X), with a combined 48% share of total imports. South Korea, Indonesia, India, France and Spain lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, South Korea, with a CAGR of +22.8%, 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

In 2022, the average azo- or azoxy-compounds import price amounted to $X per ton, leveling off at the previous year. In general, the import price showed a noticeable descent. The growth pace was the most rapid in 2019 an increase of 11% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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