Northern America: Maleic Anhydride Market 2024

Maleic Anhydride Market Size in Northern America

In 2022, the North American maleic anhydride market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Maleic Anhydride Production in Northern America

In value terms, maleic anhydride production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Maleic Anhydride Exports

Exports in Northern America

In 2022, overseas shipments of maleic anhydride decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, maleic anhydride exports expanded sharply to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Canada (X tons) took a little share of total exports.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest maleic anhydride supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maleic anhydride export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Maleic Anhydride Imports

Imports in Northern America

In 2022, maleic anhydride imports in Northern America contracted dramatically to X tons, with a decrease of X% on the previous year. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, maleic anhydride imports shrank to $X in 2022. In general, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) represented the key importer of maleic anhydride, comprising X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the maleic anhydride imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported maleic anhydride in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, jumping by X% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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