U.S.: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in the U.S.

In 2021, the U.S. market for unsaturated polyesters in primary forms was finally on the rise to reach $X after four years of decline. Overall, consumption, however, saw a pronounced decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Unsaturated Polyesters In Primary Forms in the U.S.

In value terms, unsaturated polyesters in primary forms production expanded markedly to $X in 2021. Over the period under review, production, however, showed a slight descent. Unsaturated polyesters in primary forms production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports from the U.S.

In 2021, exports of unsaturated polyesters in primary forms from the United States skyrocketed to X tons, rising by 23% against the previous year's figure. The total export volume increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of unsaturated polyesters in primary forms exports from the United States, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +10.5%), while the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), Mexico ($X) and China ($X) appeared to be the largest markets for unsaturated polyesters in primary forms exported from the United States worldwide, together comprising 90% of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +8.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the export price, however, saw a slight decline. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($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 China (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into the U.S.

Unsaturated polyesters in primary forms imports into the United States surged to X tons in 2021, jumping by 32% compared with 2020 figures. Overall, total imports indicated temperate growth 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, imports increased by +71.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports surged to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of unsaturated polyesters in primary forms to the United States, accounting for a 47% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Canada exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1,604.0% per year) and Mexico (+15.6% per year).

In value terms, Canada ($X) constituted the largest supplier of unsaturated polyesters in primary forms to the United States, comprising 54% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8.7% share of total imports. It was followed by Mexico, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1,598.0% per year) and Mexico (+19.8% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, rising by 17% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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