Northern America: Thiosulphates Market 2024

Thiosulphates Market Size in Northern America

In 2023, the North American thiosulphates market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Thiosulphates Production in Northern America

In value terms, thiosulphates production rose modestly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Thiosulphates Exports

Exports in Northern America

In 2023, the amount of thiosulphates exported in Northern America declined modestly to X tons, remaining relatively unchanged against the previous year's figure. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, thiosulphates exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of thiosulphates, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the thiosulphates exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest thiosulphates supplier in Northern America.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States amounted to X%.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, increasing by X% against the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, thiosulphates export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Thiosulphates Imports

Imports in Northern America

In 2023, purchases abroad of thiosulphates decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then contracted markedly in the following year.

In value terms, thiosulphates imports dropped remarkably to $X in 2023. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

Canada was the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by the United States (X tons), making up a X% share of total imports.

Canada was also the fastest-growing in terms of the thiosulphates imports, with a CAGR of X% from 2012 to 2023. The United States experienced a relatively flat trend pattern. 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 2023, respectively.

In value terms, the largest thiosulphates importing markets in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, jumping by X% against the previous year. Import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, thiosulphates import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform