U.S.: Fluoropolymers Market 2024

Fluoropolymers Market Size in the U.S.

The U.S. fluoropolymers market dropped to $X in 2021, reducing by -8.1% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Fluoropolymers Production in the U.S.

In value terms, fluoropolymers production declined to $X in 2021. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Fluoropolymers Exports

Exports from the U.S.

In 2021, exports of fluoropolymers from the United States expanded sharply to X tons, picking up by 10% on the year before. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, fluoropolymers exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), China (X tons) and Belgium (X tons) were the main destinations of fluoropolymers exports from the United States, together accounting for 47% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +5.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Japan ($X) were the largest markets for fluoropolymers exported from the United States worldwide, with a combined 40% share of total exports. These countries were followed by Belgium, Taiwan (Chinese), South Korea, the Netherlands, Germany, Canada, France, Brazil, India and Italy, which together accounted for a further 50%.

Among the main countries of destination, Germany, with a CAGR of +10.5%, saw 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

In 2021, the average fluoropolymers export price amounted to $X per ton, picking up by 4.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 16%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into the U.S.

In 2021, overseas purchases of fluoropolymers were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fluoropolymers imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and India (X tons) were the main suppliers of fluoropolymers imports to the United States, together comprising 48% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Italy ($X) and Germany ($X) were the largest fluoropolymers suppliers to the United States, together comprising 66% of total imports. China, India, the Netherlands, Russia and Belgium lagged somewhat behind, together comprising a further 25%.

India, with a CAGR of +9.2%, recorded the highest growth rate of 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 2021, the average fluoropolymers import price amounted to $X per ton, growing by 5.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 6.9%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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