U.S.: Market for Cyclic Crude, Intermediate, And Gum And Wood Chemical 2024

Market Size for Cyclic Crude, Intermediate, And Gum And Wood Chemical in the U.S.

In 2022, the U.S. market for cyclic crude, intermediate, and gum and wood chemical increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Cyclic Crude, Intermediate, And Gum And Wood Chemical in the U.S.

In value terms, cyclic crude and wood chemical production rose modestly to $X in 2022. Over the period under review, production, however, saw a pronounced setback. Cyclic crude and wood chemical production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Cyclic Crude, Intermediate, And Gum And Wood Chemical

Exports from the U.S.

In 2022, shipments abroad of cyclic crude, intermediate, and gum and wood chemical decreased by X% to X tons, falling for the second year in a row after six years of growth. In general, total exports indicated noticeable growth from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cyclic crude and wood chemical exports rose sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for cyclic crude and wood chemical exports from the United States, with a X% share of total exports. Moreover, cyclic crude and wood chemical exports to Mexico exceeded the volume sent to the second major destination, Brazil (X tons), sevenfold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Belgium (X% per year).

In value terms, Mexico ($X) remains the key foreign market for cyclic crude, intermediate, and gum and wood chemical exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Canada (X% per year).

Export Prices by Country

The average export price for cyclic crude, intermediate, and gum and wood chemical stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclic Crude, Intermediate, And Gum And Wood Chemical

Imports into the U.S.

For the third consecutive year, the United States recorded growth in supplies from abroad of cyclic crude, intermediate, and gum and wood chemical, which increased by X% to X tons in 2022. In general, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, cyclic crude and wood chemical imports skyrocketed to $X in 2022. Overall, total imports indicated a perceptible expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Canada (X tons) and Saudi Arabia (X tons) were the main suppliers of cyclic crude and wood chemical imports to the United States, with a combined X% share of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclic crude and wood chemical suppliers to the United States were Canada ($X), South Korea ($X) and Saudi Arabia ($X), together accounting for X% of total imports. India, the Netherlands, Japan, Belgium, Germany, Brazil, Taiwan (Chinese), Spain, Mexico and France lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cyclic crude, intermediate, and gum and wood chemical stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a deep setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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