Northern America: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Northern America

In 2022, after four years of growth, there was significant decline in the North American saturated acyclic monocarboxylic acids market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Production of Saturated Acyclic Monocarboxylic Acids in Northern America

In value terms, saturated acyclic monocarboxylic acids production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

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Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Northern America

In 2022, after two years of growth, there was significant decline in overseas shipments of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. Overall, exports saw a mild decline. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of saturated acyclic monocarboxylic acids, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the saturated acyclic monocarboxylic acids exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest saturated acyclic monocarboxylic acids supplier in Northern America.

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

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by X% against the previous year. Export price indicated a notable expansion 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, saturated acyclic monocarboxylic acids 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% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Northern America

In 2022, after two years of growth, there was significant decline in purchases abroad of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. Total imports indicated a tangible 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 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, saturated acyclic monocarboxylic acids imports fell dramatically to $X in 2022. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, the United States (X tons) represented the major importer of saturated acyclic monocarboxylic acids, committing X% of total imports. It was distantly followed by Canada (X tons), creating a X% share of total imports.

The United States was also the fastest-growing in terms of the saturated acyclic monocarboxylic acids imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by X percentage points.

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

In the United States, saturated acyclic monocarboxylic acids imports increased 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 ton in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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