U.S.: Ether Market 2024

Ether Market Size in the U.S.

The U.S. ether market fell rapidly to $X in 2022, waning by -17.5% against the previous year. Overall, consumption continues to indicate a mild curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Ether Production in the U.S.

In value terms, ether production amounted to $X in 2022. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Ether Exports

Exports from the U.S.

In 2022, overseas shipments of ethers were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports surged to $X in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +118.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), Mexico (X tons) and Chile (X tons) were the main destinations of ether exports from the United States, together accounting for 86% of total exports. Belgium, Singapore, South Korea, China and Venezuela lagged somewhat behind, together comprising a further 7.4%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +15.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ether exported from the United States were Japan ($X), Mexico ($X) and Chile ($X), together accounting for 80% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +9.8%, recorded the highest rates of growth with regard to 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 ether export price stood at $X per ton in 2022, rising by 33% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Chile ($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 China (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into the U.S.

In 2022, purchases abroad of ethers was finally on the rise to reach X tons after four years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 59%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, ether imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of ether to the United States, accounting for a 48% share of total imports. Moreover, ether imports from Canada exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-4.0% per year) and Germany (+9.0% per year).

In value terms, China ($X), Canada ($X) and Japan ($X) appeared to be the largest ether suppliers to the United States, with a combined 49% share of total imports. India, Germany, Saudi Arabia, Taiwan (Chinese), South Korea, Qatar, the United Arab Emirates, the Netherlands and Brazil lagged somewhat behind, together accounting for a further 40%.

South Korea, with a CAGR of +21.7%, saw the highest rates of growth with regard to the value of imports, among 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 ether import price amounted to $X per ton, with an increase of 4.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 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 China ($X per ton), while the price for Brazil ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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