U.S. - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Urea and Thiourea Resins in the United States - 2023
Contents:
- Price for Urea and Thiourea Resins in the United States (FOB) - 2023
- Price for Urea and Thiourea Resins in the United States (CIF) - 2023
- Exports of Urea and Thiourea Resins in the United States
- Imports of Urea and Thiourea Resins in the United States
Price for Urea and Thiourea Resins in the United States (FOB) - 2023
In September 2023, the average urea and thiourea resins export price amounted to $1,196 per ton, jumping by 21% against the previous month. In general, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in July 2023 an increase of 29% month-to-month. As a result, the export price attained the peak level of $1,396 per ton. From August 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($3,996 per ton), while the average price for exports to Canada stood at $823 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.6%).
Price for Urea and Thiourea Resins in the United States (CIF) - 2023
In September 2023, the average urea and thiourea resins import price amounted to $1,957 per ton, with an increase of 33% against the previous month. Overall, the import price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in June 2023 when the average import price increased by 36% month-to-month. The import price peaked at $3,027 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($5,428 per ton), while the price for Canada ($706 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Urea and Thiourea Resins in the United States
Urea and thiourea resins exports from the United States declined slightly to 48K tons in 2022, waning by -3.2% against the previous year's figure. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 5.6% against the previous year.
In value terms, urea and thiourea resins exports surged to $60M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Urea and Thiourea Resins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 42.6 | 24.5 | 36.1 | 43.9 | 1.0% |
| Mexico | 7.8 | 4.8 | 6.1 | 6.7 | -4.9% |
| Others | 7.8 | 5.9 | 8.0 | 9.1 | 5.3% |
| Total | 58.2 | 35.2 | 50.2 | 59.7 | 0.9% |
Top Export Markets for Urea and Thiourea Resins from the United States in 2022:
- Canada (43.0K tons)
- Mexico (2.5K tons)
Imports of Urea and Thiourea Resins in the United States
In 2022, the amount of urea resins and thiourea resins in primary forms imported into the United States shrank dramatically to 18K tons, declining by -23.9% on the year before. In general, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of 24K tons, and then declined significantly in the following year.
In value terms, urea and thiourea resins imports expanded sharply to $44M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 49%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Urea and Thiourea Resins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.3 | 8.7 | 13.0 | 14.5 | 8.7% |
| Mexico | 10.4 | 9.5 | 11.0 | 12.2 | 5.5% |
| Canada | 8.1 | 3.8 | 7.1 | 6.1 | -9.0% |
| Norway | 1.3 | 1.3 | 3.6 | 5.7 | 63.7% |
| Trinidad and Tobago | 1.4 | 1.4 | 2.8 | 3.0 | 28.9% |
| Turkey | N/A | 0.1 | 0.5 | 0.6 | 144.9% |
| Indonesia | 0.3 | 0.6 | 0.2 | N/A | -18.4% |
| Others | 2.6 | 0.9 | 1.0 | 1.6 | -14.9% |
| Total | 35.5 | 26.3 | 39.1 | 43.7 | 7.2% |
Top Suppliers of Urea and Thiourea Resins to the United States in 2022:
- Indonesia (undefinedK tons)
- Canada (6.6K tons)
- Mexico (5.0K tons)
- Germany (2.7K tons)
- Trinidad and Tobago (1.7K tons)
- Norway (1.5K tons)
- Turkey (0.3K tons)
This report provides an in-depth analysis of the market for urea and thiourea resins 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 20165550 - Urea resins and thiourea resins, in primary forms
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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