U.S.: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in the U.S.

In 2021, the U.S. aromatic hydrocarbons derivatives market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption recorded a slight decline. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Aromatic Hydrocarbons Derivatives Production in the U.S.

In value terms, aromatic hydrocarbons derivatives production shrank notably to $X in 2021. Overall, production continues to indicate a dramatic setback. Aromatic hydrocarbons derivatives production peaked at $X in 2020, and then contracted notably in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports from the U.S.

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons exported from the United States expanded slightly to X tons, with an increase of 4.4% against 2020 figures. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.3% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 70% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports reached $X in 2021. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 80% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for aromatic hydrocarbons derivatives exports from the United States, accounting for a 39% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to Belgium exceeded the volume sent to the second major destination, China (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.0% per year) and South Korea (-2.4% per year).

In value terms, Belgium ($X) remains the key foreign market for halogenated derivatives of aromatic hydrocarbons exports from the United States, comprising 37% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.7% per year) and Japan (-0.1% per year).

Export Prices by Country

The average aromatic hydrocarbons derivatives export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 18% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada ($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 the Netherlands (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into the U.S.

In 2021, after three years of decline, there was significant growth in overseas purchases of halogenated derivatives of aromatic hydrocarbons, when their volume increased by 10% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a mild descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of aromatic hydrocarbons derivatives imports to the United States, with a combined 93% share of total imports. Mexico, Japan and Belgium lagged somewhat behind, together accounting for a further 5.7%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +5.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to the United States, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by India, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.6% per year) and India (+2.0% per year).

Import Prices by Country

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2021, picking up by 22% against the previous year. In general, the import price, however, saw a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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