Northern America: Nitrogen Market 2024

Nitrogen Market Size in Northern America

The North American nitrogen market stood at $X in 2022, approximately mirroring the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Nitrogen Production in Northern America

In value terms, nitrogen production stood at $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value 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, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2022.

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Nitrogen Exports

Exports in Northern America

Nitrogen exports fell to X cubic meters in 2022, declining by X% compared with 2021 figures. Over the period under review, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, nitrogen exports shrank to $X in 2022. Overall, exports showed a slight descent. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the main exporting country with an export of around X cubic meters, which finished at X% of total exports. It was distantly followed by Canada (X cubic meters), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nitrogen exports from the United States stood at X%. 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. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

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

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

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while Canada totaled $X per cubic meter.

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

Nitrogen Imports

Imports in Northern America

In 2022, overseas purchases of nitrogen increased by X% to X cubic meters, rising for the second year in a row after three years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, nitrogen imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X cubic meters) represented the main importer of nitrogen, comprising X% of total imports. It was distantly followed by the United States (X cubic meters), committing a X% share of total imports.

Imports into Canada increased at an average annual rate of X% from 2012 to 2022. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United States increased by X percentage points.

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

In Canada, nitrogen imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per thousand cubic meters in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per thousand cubic meters in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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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