U.S.: Hydantoin Market 2024

Hydantoin Market Size in the U.S.

The U.S. hydantoin market soared to $X in 2022, rising by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Hydantoin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in the U.S.

In value terms, hydantoin production declined to $X in 2022. Overall, production showed a pronounced decline. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Hydantoin production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Hydantoin Exports

Exports from the U.S.

In 2022, after four years of decline, there was significant growth in overseas shipments of hydantoin and its derivatives, when their volume increased by X% to X tons. Overall, exports, however, saw a deep downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hydantoin exports contracted to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of hydantoin exports from the United States, together accounting for X% of total exports. Colombia, Canada, Germany, Mexico, China and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Belgium ($X) and Canada ($X) were the largest markets for hydantoin exported from the United States worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydantoin export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, export price indicated a mild 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. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Colombia ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydantoin Imports

Imports into the U.S.

In 2022, overseas purchases of hydantoin and its derivatives increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports posted notable growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, hydantoin imports surged to $X in 2022. Overall, total imports indicated a notable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hydantoin to the United States, accounting for a X% share of total imports. Moreover, hydantoin imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. The third position in this ranking was held by Israel (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Israel (X% per year).

In value terms, China ($X) constituted the largest supplier of hydantoin and its derivatives to the United States, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the average hydantoin import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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