Northern America: Ureines Market 2024

Ureines Market Size in Northern America

After two years of growth, the North American ureines market decreased by X% to $X in 2023. In general, consumption recorded a noticeable shrinkage. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Ureines Production in Northern America

In value terms, ureines production stood at $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

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Ureines Exports

Exports in Northern America

Ureines exports expanded slightly to X tons in 2023, rising by X% against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ureines exports declined rapidly to $X in 2023. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Canada was the key exporter of ureines and their derivatives and salts thereof in Northern America, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United States (X tons), creating a X% share of total exports.

Canada was also the fastest-growing in terms of the ureines and their derivatives and salts thereof exports, with a CAGR of X% from 2012 to 2023. The United States (X%) illustrated a downward trend over the same period. 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 2023, respectively.

In value terms, the largest ureines supplying countries in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Ureines Imports

Imports in Northern America

In 2023, purchases abroad of ureines and their derivatives and salts thereof decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, ureines imports reduced rapidly to $X in 2023. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

Imports into the United States decreased at an average annual rate of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported ureines and their derivatives and salts thereof in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States amounted to X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform