U.S.: Hydantoin Market 2024

Hydantoin Market Size in the U.S.

The U.S. hydantoin market skyrocketed to $X in 2022, with an increase of 17% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in the U.S.

In value terms, hydantoin production shrank slightly to $X in 2022. In general, production showed a pronounced decline. The pace of growth was the most pronounced in 2019 when the production volume increased by 30%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Hydantoin Exports

Exports from the U.S.

In 2022, shipments abroad of hydantoin and its derivatives was finally on the rise to reach X tons after four years of decline. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hydantoin exports reduced to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of hydantoin exports from the United States, with a combined 53% share of total exports. Colombia, Canada, Germany, Mexico, China and Brazil lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +13.1%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Belgium ($X) and Canada ($X) constituted the largest markets for hydantoin exported from the United States worldwide, with a combined 62% share of total exports.

Japan, with a CAGR of +24.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydantoin export price amounted to $X per ton, with a decrease of -26.6% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Colombia ($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 Brazil (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hydantoin Imports

Imports into the U.S.

In 2022, purchases abroad of hydantoin and its derivatives increased by 16% to X tons, rising for the second year in a row after three years of decline. In general, imports posted a noticeable expansion. The growth pace was the most rapid in 2017 when imports increased by 61%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, hydantoin imports skyrocketed to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.9% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 64% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest hydantoin supplier to the United States, accounting for a 86% share of total imports. Moreover, hydantoin imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. Israel (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.9% per year) and Israel (-11.0% per year).

In value terms, China ($X) constituted the largest supplier of hydantoin and its derivatives to the United States, comprising 72% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by Israel, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.6% per year) and Israel (-10.5% per year).

Import Prices by Country

In 2022, the average hydantoin import price amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the import price, however, showed a mild slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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