Northern America: Alcohols Market 2024

Alcohols Market Size in Northern America

The North American alcohols market expanded remarkably to $X in 2020, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Northern America

In value terms, alcohols production contracted to $X in 2020 estimated in export price. The total production indicated a tangible expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Alcohols Exports

Exports in Northern America

In 2020, exports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Northern America expanded modestly to X tons, picking up by X% on 2019 figures. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, alcohols exports declined to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

In 2020, the United States (X tons) was the main exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, comprising X% of total exports. It was distantly followed by Canada (X tons), constituting a X% share of total exports.

The United States was also the fastest-growing in terms of the alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports, with a CAGR of X% from 2012 to 2020. At the same time, Canada (X%) displayed positive paces of growth. From 2012 to 2020, the share of the United States increased by X percentage points.

In value terms, the United States ($X) remains the largest alcohols supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

In 2020, the export price in Northern America amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%).

Alcohols Imports

Imports in Northern America

In 2020, imports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Northern America surged to X tons, with an increase of X% on the year before. In general, imports, however, showed a mild reduction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2020, imports failed to regain momentum.

In value terms, alcohols imports surged to $X in 2020. Over the period under review, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, recording X tons, which was near X% of total imports in 2020. It was distantly followed by Canada (X tons), generating a X% share of total imports.

From 2012 to 2020, average annual rates of growth with regard to alcohols imports into the United States stood at X%. 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 2012-2020. Canada (X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by X% from 2012 to 2020, respectively.

In value terms, the United States ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2020, 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 2020, falling by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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