U.S.: Isocyanates Market 2024

Isocyanates Market Size in the U.S.

The U.S. isocyanates market contracted to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Isocyanates Production in the U.S.

In value terms, isocyanates production shrank slightly to $X in 2022. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Isocyanates Exports

Exports from the U.S.

In 2022, after three years of decline, there was significant growth in shipments abroad of isocyanates, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a slight setback. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, isocyanates exports skyrocketed to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Brazil (X tons) and Canada (X tons) were the main destinations of isocyanates exports from the United States, together accounting for X% of total exports. Belgium, India, Colombia, Germany, the Netherlands, Guatemala and Peru lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for isocyanates exported from the United States were Mexico ($X), Belgium ($X) and Canada ($X), together comprising X% of total exports. Brazil, Germany, India, Colombia, the Netherlands, Guatemala and Peru lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, 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

In 2022, the average isocyanates export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

Isocyanates Imports

Imports into the U.S.

In 2022, isocyanates imports into the United States declined remarkably to X tons, reducing by X% on 2021 figures. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, isocyanates imports fell to $X in 2022. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

China (X tons), Hungary (X tons) and France (X tons) were the main suppliers of isocyanates imports to the United States, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest isocyanates suppliers to the United States were China ($X), France ($X) and Hungary ($X), with a combined X% share of total imports.

Among the main suppliers, Hungary, with a CAGR of X%, 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 isocyanates import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a slight reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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