U.S.: Market for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine 2024

Market Size for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in the U.S.

In 2022, the U.S. market for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine decreased by -3.3% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in the U.S.

In value terms, production of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine fell slightly to $X in 2022. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 34%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Exports from the U.S.

In 2022, shipments abroad of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine increased by 28% to X tons, rising for the sixth year in a row after two years of decline. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.0% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine amounted to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine from the United States, with a 76% share of total exports. Moreover, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to Mexico exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. Canada (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.0% per year) and Canada (-2.3% per year).

In value terms, Mexico ($X), the Netherlands ($X) and Japan ($X) were the largest markets for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine exported from the United States worldwide, together comprising 55% of total exports. China, Canada and Australia lagged somewhat behind, together accounting for a further 20%.

Australia, with a CAGR of +55.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine stood at $X per ton in 2022, reducing by -14.9% against the previous year. In general, the export price saw a mild reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 41% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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 Japan ($X per ton), while the average price for exports to Mexico ($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 the Netherlands (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Imports into the U.S.

For the third consecutive year, the United States recorded decline in purchases abroad of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine, which decreased by -28.5% to X tons in 2022. Over the period under review, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 56%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine fell to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 27%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Belgium (X tons) were the main suppliers of imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to the United States, with a combined 73% share of total imports. Japan, Hungary, Singapore, Mexico, Italy, France and Canada lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +1,495.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to the United States, comprising 33% of total imports. The second position in the ranking was held by Malaysia ($X), with a 16% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.2% per year) and Japan (-4.4% per year).

Import Prices by Country

In 2022, the average import price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine amounted to $X per ton, surging by 23% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine increased by +67.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 Italy ($X per ton), while the price for Malaysia ($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 (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform