U.S. - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Abrasives Price per Ton May 2022
U.S. Abrasives Export Price per Ton May 2022
In May 2022, the abrasives price per ton amounted to $596 (FOB, US), increasing by 10% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $689 per ton in Mar 2022; however, from Apr 2022 to May 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($1,828 per ton), while the average price for exports to China ($350 per ton) was amongst the lowest.
From Jan 2022 to May 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Abrasives Exports
Abrasives exports from the United States expanded markedly to 4.1K tons in May 2022, growing by 13% against Apr 2022 figures. The total export volume increased at an average monthly rate of +12.2% over the period from Jan 2022 to May 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in Feb 2022 with an increase of 23% against the previous month. Over the period under review, the exports hit record highs in May 2022.
In value terms, abrasives exports soared to $2.4M (IndexBox estimates) in May 2022. The total export value increased at an average monthly rate of +11.1% over the period from Jan 2022 to May 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in Feb 2022 with an increase of 32% against the previous month. Over the period under review, the exports reached the maximum in May 2022.
U.S. Abrasives Exports by Country
Canada (2.3K tons) was the main destination for abrasives exports from the United States, with a 57% share of total exports. Moreover, abrasives exports to Canada exceeded the volume sent to the second major destination, Mexico (485 tons), fivefold. Japan (224 tons) ranked third in terms of total exports with a 5.5% share.
From Jan 2022 to May 2022, the average monthly growth rate of volume to Canada stood at +21.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+5.3% per month) and Japan (+17.4% per month).
In value terms, Canada ($928K) remains the key foreign market for abrasives exports from the United States, comprising 38% of total exports. The second position in the ranking was taken by Mexico ($263K), with an 11% share of total exports. It was followed by Japan, with a 7.6% share.
From Jan 2022 to May 2022, the average monthly growth rate of value to Canada totaled +17.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+3.0% per month) and Japan (+1.6% per month).
Source: IndexBox Platform
This report provides an in-depth analysis of the abrasives market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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