U.S. - Oxirane (Ethylene Oxide) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Ethylene Oxide Price in America Skyrockets 57% to $14,367 per Ton
U.S. Ethylene Oxide Export Price per Ton July 2022
In July 2022, the ethylene oxide price per ton stood at $14,367, with an increase of 57% against the previous month. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in April 2022 an increase of 64% m-o-m. As a result, the export price reached the peak level of $17,806 per ton. From May 2022 to July 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($39,541 per ton), while the average price for exports to Canada ($1,429 per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Ethylene Oxide Exports
In July 2022, shipments abroad of oxirane (ethylene oxide) decreased by -48.6% to 72 tons for the first time since April 2022, thus ending a two-month rising trend. Over the period under review, exports, however, saw moderate growth. The most prominent rate of growth was recorded in May 2022 with an increase of 396% against the previous month. Over the period under review, the exports reached the peak figure at 139 tons in June 2022, and then contracted dramatically in the following month.
In value terms, ethylene oxide exports fell markedly to $1M (IndexBox estimates) in July 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in May 2022 when exports increased by 165% m-o-m. The exports peaked at $1.3M in February 2022; however, from March 2022 to July 2022, the exports remained at a lower figure.
U.S. Ethylene Oxide Exports by Country
Mexico (24 tons), Canada (19 tons) and Costa Rica (7.8 tons) were the main destinations of ethylene oxide exports from the United States, together comprising 71% of total exports. These countries were followed by South Korea, the Dominican Republic, India and Taiwan (Chinese), which together accounted for a further 21%.
From January 2022 to July 2022, the biggest increases were in Taiwan (Chinese) (with a CAGR of +24.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($242K), Mexico ($237K) and India ($110K) constituted the largest markets for ethylene oxide exported from the United States worldwide, together accounting for 57% of total exports.
In terms of the main countries of destination, India, with a CAGR of +23.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the ethylene oxide 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 2030.
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