U.S. - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in the United States - 2023
Contents:
- Industrial Stearic Acid Price in the United States (FOB) - 2023
- Industrial Stearic Acid Price in the United States (CIF) - 2023
- Industrial Stearic Acid Exports in the United States
- Industrial Stearic Acid Imports in the United States
Industrial Stearic Acid Price in the United States (FOB) - 2023
The average industrial stearic acid export price stood at $2,328 per ton in August 2023, declining by -2.2% against the previous month. In general, the export price showed a mild setback. The pace of growth appeared the most rapid in July 2023 an increase of 7.8% month-to-month. Over the period under review, the average export prices reached the maximum at $2,802 per ton in October 2022; however, from November 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was Mexico ($2,433 per ton), while the average price for exports to Canada amounted to $2,126 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-1.1%), while the prices for the other major destinations experienced a decline.
Industrial Stearic Acid Price in the United States (CIF) - 2023
The average industrial stearic acid import price stood at $1,252 per ton in August 2023, with a decrease of -19.2% against the previous month. In general, the import price recorded a noticeable decrease. The growth pace was the most rapid in July 2023 an increase of 37% m-o-m. Over the period under review, average import prices reached the peak figure at $1,999 per ton in September 2022; however, from October 2022 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Malaysia ($1,529 per ton), while the price for Indonesia amounted to $1,071 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Brazil (+2.2%), while the prices for the other major suppliers experienced a decline.
Industrial Stearic Acid Exports in the United States
In 2022, the amount of industrial stearic acid exported from the United States reduced sharply to 22K tons, waning by -26.9% against the previous year's figure. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 30K tons, and then declined markedly in the following year.
In value terms, industrial stearic acid exports expanded markedly to $57M in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 84%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Industrial Stearic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 15.5 | 14.4 | 28.9 | 27.0 | 20.3% |
| Canada | 13.1 | 10.1 | 19.3 | 26.5 | 26.5% |
| Others | 2.6 | 3.5 | 3.4 | 3.3 | 8.3% |
| Total | 31.3 | 28.0 | 51.7 | 56.8 | 22.0% |
Top Export Markets for Industrial Stearic Acid from the United States in 2022:
- Canada (10.8K tons)
- Mexico (9.8K tons)
Industrial Stearic Acid Imports in the United States
Industrial stearic acid imports into the United States surged to 49K tons in 2022, jumping by 50% compared with 2021. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, industrial stearic acid imports surged to $89M in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Industrial Stearic Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 10.2 | 9.8 | 18.6 | 42.2 | 60.5% |
| Malaysia | 13.7 | 14.3 | 21.3 | 29.7 | 29.4% |
| Brazil | N/A | N/A | N/A | 10.3 | 0% |
| Sweden | 0.2 | 0.4 | 0.8 | 3.2 | 152.0% |
| Others | 1.2 | 1.6 | 1.8 | 3.4 | 41.5% |
| Total | 25.3 | 26.1 | 42.5 | 88.8 | 52.0% |
Top Suppliers of Industrial Stearic Acid to the United States in 2022:
- Indonesia (28.6K tons)
- Malaysia (13.5K tons)
- Brazil (4.4K tons)
- Sweden (1.4K tons)
This report provides an in-depth analysis of the industrial stearic acid 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.
Product coverage:
- Prodcom 20143120 - Industrial stearic acid
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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