U.S.: Monophenols Market 2024

Monophenols Market Size in the U.S.

The U.S. monophenols market reduced modestly to $X in 2021, waning by -2% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Monophenols consumption peaked at $X in 2020, and then fell modestly in the following year.

Monophenols Production in the U.S.

In value terms, monophenols production contracted slightly to $X in 2021. Over the period under review, production recorded a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12%. Monophenols production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Monophenols Exports

Exports from the U.S.

Monophenols exports from the United States dropped to X tons in 2021, declining by -12.9% compared with the previous year's figure. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 23% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, monophenols exports amounted to $X in 2021. In general, exports showed a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of monophenols exports from the United States, with a combined 58% share of total exports. Mexico, India, Italy, Colombia, Argentina, Taiwan (Chinese), Turkey, Japan, China and Thailand lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +14.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for monophenols exported from the United States were Canada ($X), Belgium ($X) and Mexico ($X), with a combined 51% share of total exports. These countries were followed by the Netherlands, India, Japan, Italy, Colombia, Taiwan (Chinese), China, Argentina, Turkey and Thailand, which together accounted for a further 38%.

In terms of the main countries of destination, Turkey, with a CAGR of +6.5%, 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

The average monophenols export price stood at $X per ton in 2021, with an increase of 30% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Turkey ($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 Thailand (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Monophenols Imports

Imports into the U.S.

In 2021, the amount of monophenols imported into the United States skyrocketed to X tons, growing by 23% on 2020. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, monophenols imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Germany (X tons) and Singapore (X tons) were the main suppliers of monophenols imports to the United States, together comprising 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +103.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monophenols suppliers to the United States were India ($X), Germany ($X) and China ($X), together accounting for 60% of total imports. Taiwan (Chinese), Switzerland, Singapore, Russia, Italy and France lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Singapore, with a CAGR of +81.5%, recorded the highest rates of growth with regard to 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 2021, the average monophenols import price amounted to $X per ton, increasing by 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :