U.S.: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in the U.S.

In 2022, the U.S. paraformaldehyde market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated measured growth 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 increased by X% against 2018 indices. Paraformaldehyde consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Paraformaldehyde Production in the U.S.

In value terms, paraformaldehyde production reduced to $X in 2022. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Paraformaldehyde Exports

Exports from the U.S.

In 2022, approx. X tons of paraformaldehyde were exported from the United States; falling by X% compared with 2021. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, paraformaldehyde exports fell markedly to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for paraformaldehyde exports from the United States, accounting for a X% share of total exports. Moreover, paraformaldehyde exports to Brazil exceeded the volume sent to the second major destination, South Korea (X tons), twofold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

In value terms, Brazil ($X), South Korea ($X) and China ($X) appeared to be the largest markets for paraformaldehyde exported from the United States worldwide, together accounting for X% of total exports. Mexico, Colombia, Peru, Canada, Japan and South Africa lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average paraformaldehyde export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

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

Paraformaldehyde Imports

Imports into the U.S.

After two years of growth, supplies from abroad of paraformaldehyde decreased by X% to X tons in 2022. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, paraformaldehyde imports reduced slightly to $X in 2022. In general, imports saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of paraformaldehyde imports to the United States, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Spain ($X) constituted the largest supplier of paraformaldehyde to the United States, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average paraformaldehyde import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Germany ($X per ton), while the price for the UK ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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