U.S.: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in the U.S.

In 2022, the U.S. carbon dioxide market increased by X% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption, however, posted a slight expansion. Carbon dioxide consumption peaked in 2022 and is expected to retain growth in years to come.

Carbon Dioxide Production in the U.S.

In value terms, carbon dioxide production reduced slightly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Carbon dioxide production peaked at $X in 2021, and then fell modestly in the following year.

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Carbon Dioxide Exports

Exports from the U.S.

In 2022, the amount of carbon dioxide exported from the United States rose modestly to X tons, increasing by X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon dioxide exports rose markedly to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for carbon dioxide exports from the United States, accounting for a X% share of total exports. Moreover, carbon dioxide exports to Mexico exceeded the volume sent to the second major destination, Bahamas (X tons), twofold. The third position in this ranking was taken by Aruba (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (X% per year) and Aruba (X% per year).

In value terms, Mexico ($X) remains the key foreign market for carbon dioxide exports from the United States, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Bahamas, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Bahamas (X% per year).

Export Prices by Country

In 2022, the average carbon dioxide export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Dioxide Imports

Imports into the U.S.

After three years of growth, supplies from abroad of carbon dioxide decreased by X% to X tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, carbon dioxide imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Costa Rica (X tons), Trinidad and Tobago (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of carbon dioxide imports to the United States, together comprising X% of total imports. Canada, Israel, Austria, China, South Korea, Hungary, Japan, the Dominican Republic and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon dioxide suppliers to the United States were Israel ($X), Canada ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Austria, China, Hungary, South Korea, Japan, Trinidad and Tobago, Costa Rica, the UK and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carbon dioxide import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price posted a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform