U.S.: Insulating Board Market 2023

Insulating Board Market Size in the U.S.

The U.S. insulating board market rose modestly to $X in 2021, picking up by 4.3% against the previous year. Overall, consumption, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 4.6% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Insulating Board Production in the U.S.

In value terms, insulating board production rose to $X in 2021. In general, production saw a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 6.1%. Insulating board production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Insulating Board Exports

Exports from the U.S.

In 2021, shipments abroad of insulating board increased by 2.3% to X cubic meters, rising for the fourth consecutive year after four years of decline. Overall, exports recorded noticeable growth. The pace of growth appeared the most rapid in 2020 when exports increased by 74% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, insulating board exports expanded sharply to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 33%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X cubic meters) was the main destination for insulating board exports from the United States, accounting for a 70% share of total exports. Moreover, insulating board exports to Canada exceeded the volume sent to the second major destination, Mexico (X cubic meters), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +3.7%.

In value terms, the largest markets for insulating board exported from the United States were Canada ($X) and Mexico ($X).

Mexico, with a CAGR of +6.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average insulating board export price amounted to $X per cubic meter, picking up by 8.3% against the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 18%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Mexico ($X per cubic meter), while the average price for exports to Canada stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.4%).

Insulating Board Imports

Imports into the U.S.

In 2021, after two years of decline, there was significant growth in supplies from abroad of insulating board, when their volume increased by 48% to X cubic meters. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, insulating board imports surged to $X in 2021. In general, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 67% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Canada (X cubic meters) constituted the largest insulating board supplier to the United States, with a 63% share of total imports. Moreover, insulating board imports from Canada exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), fourfold. The third position in this ranking was held by China (X cubic meters), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+20.5% per year) and China (-5.4% per year).

In value terms, Canada ($X) constituted the largest supplier of insulating board to the United States, comprising 59% of total imports. The second position in the ranking was taken by Poland ($X), with a 13% share of total imports. It was followed by China, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.0% per year) and China (-14.1% per year).

Import Prices by Country

The average insulating board import price stood at $X per cubic meter in 2021, with a decrease of -19.5% against the previous year. In general, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per cubic meter), while the price for Poland ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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