American Exports of Organic Surface-Active Agents Go Up
IndexBox has just published a new report: ‘U.S. – Organic Surface Active Agents – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
American exports of organic surface-active agent exports increased by +5.6% y-o-y to $3.5B in 2020. In physical terms, exports grew by +3.7% y-o-y to 1.4M tonnes. Canada remains the largest importer of organic surface-active agents from the U.S., comprising a 55% share of American exports. Mexico and China follow Canada in this ranking. Last year, all three countries recorded moderate growth in imports of the product from America. In 2020, the U.S. average export price for organic surface-active agents grew by +1.8% y-o-y to $2,584 per tonne.
U.S. Exports of Organic Surface-Active Agents
In 2020, the amount of organic surface-active agents exported from the U.S. reached 1.4M tonnes, surging by +3.7% on the previous year. In value terms, exports of organic surface-active agents rose by +5.6% y-o-y to $3.5B (IndexBox estimates) in 2020.
Canada (756K tonnes) was the main destination for organic surface-active agent exports from the U.S., with a 55% share of total exports. Moreover, surface-active agent exports to Canada exceeded the volume sent to the second major destination, Mexico (108K tonnes), sevenfold. China (54K tonnes) ranked third in terms of total exports with a 3.9% share.
In 2020, the average annual rate of growth in terms of volume to Canada amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.8% per year) and China (+8.3% per year).
In value terms, Canada ($1.5B) remains the key foreign market for surface-active agent exports from the U.S., comprising 43% of total exports. The second position in the ranking was occupied by Mexico ($249M), with a 7% share of total exports. It was followed by China, with a 5.9% share.
The average export price for organic surface-active agents stood at $2,584 per tonne in 2020, growing by +1.8% against the previous year. Prices varied noticeably by country of destination. The country with the highest price was Taiwan ($5,214 per tonne), while the average price for exports to Canada ($1,989 per tonne) was among the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Taiwan, while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform