U.S.: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in the U.S.

In 2023, after two years of growth, there was significant decline in the U.S. iron oxide pigment market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a resilient increase. Iron oxide pigment consumption peaked at $X in 2022, and then reduced markedly in the following year.

Iron Oxide Pigment Production in the U.S.

In value terms, iron oxide pigment production amounted to $X in 2023. Overall, production posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Iron Oxide Pigment Exports

Exports from the U.S.

In 2023, iron oxide pigment exports from the United States rose modestly to X tons, picking up by X% on the year before. Overall, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, iron oxide pigment exports reduced to $X in 2023. In general, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Canada (X tons) and Spain (X tons) were the main destinations of iron oxide pigment exports from the United States, together accounting for X% of total exports. Mexico, Belgium, Australia and Guatemala lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Belgium ($X) and Mexico ($X) were the largest markets for iron oxide pigment exported from the United States worldwide, with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron oxide pigment export price stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigment Imports

Imports into the U.S.

After three years of growth, overseas purchases of iron oxide pigments decreased by X% to X tons in 2023. In general, imports saw a perceptible descent. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, iron oxide pigment imports fell rapidly to $X in 2023. Over the period under review, imports showed a noticeable reduction. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

China (X tons), Germany (X tons) and Canada (X tons) were the main suppliers of iron oxide pigment imports to the United States, with a combined X% share of total imports. India, Brazil, Italy and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest iron oxide pigment suppliers to the United States were China ($X), Germany ($X) and Brazil ($X), with a combined X% share of total imports. India, Italy, Canada and Japan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron oxide pigment import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform