U.S. - Cumene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCumene Price in the United States - 2023
Contents:
- Cumene Price in the United States (FOB) - 2022
- Cumene Price in the United States (CIF) - 2022
- Cumene Exports in the United States
- Cumene Imports in the United States
Cumene Price in the United States (FOB) - 2022
The average cumene export price stood at $977 per ton in 2022, with a decrease of -2% against the previous year. In general, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 68%. Over the period under review, the average export prices attained the peak figure at $1,388 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,174 per ton), while the average price for exports to Brazil ($813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cumene Price in the United States (CIF) - 2022
In 2022, the average cumene import price amounted to $1,171 per ton, picking up by 32% against the previous year. Overall, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 60%. The import price peaked at $1,476 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,332 per ton), while the price for the Netherlands ($955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.1%), while the prices for the other major suppliers experienced a decline.
Cumene Exports in the United States
In 2022, the amount of cumene exported from the United States contracted dramatically to 44K tons, with a decrease of -63.8% against 2021 figures. Over the period under review, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year. As a result, the exports reached the peak of 121K tons, and then fell sharply in the following year.
In value terms, cumene exports contracted remarkably to $43M in 2022. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 236% against the previous year. As a result, the exports reached the peak of $121M, and then declined significantly in the following year.
| Export of Cumene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.9 | N/A | 8.4 | 18.6 | 46.6% |
| India | N/A | 7.1 | 13.2 | 17.6 | 57.4% |
| Belgium | 69.2 | 3.3 | 63.1 | 6.2 | -55.3% |
| Brazil | N/A | N/A | 34.5 | 0.4 | -98.8% |
| Taiwan (Chinese) | 2.6 | 25.3 | N/A | N/A | 873.1% |
| Others | 0.1 | 0.2 | 1.5 | 0.1 | 0.0% |
| Total | 77.8 | 35.9 | 121 | 42.8 | -18.1% |
Top Export Markets for Cumene from the United States in 2022:
- Italy (20.3K tons)
- India (16.1K tons)
- Belgium (6.9K tons)
- Brazil (0.5K tons)
Cumene Imports in the United States
In 2022, the amount of cumene imported into the United States skyrocketed to 57K tons, rising by 50% on the previous year. Over the period under review, imports, however, recorded a noticeable slump.
In value terms, cumene imports soared to $67M in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cumene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 39.0 | 25.1 | 30.6 | 45.2 | 5.0% |
| Spain | 10.1 | 7.1 | N/A | 17.4 | 19.9% |
| Netherlands | N/A | 4.6 | 3.3 | 4.8 | 2.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 49.0 | 36.7 | 33.9 | 67.3 | 11.2% |
Top Suppliers of Cumene to the United States in 2022:
- Japan (39.4K tons)
- Spain (13.0K tons)
- Netherlands (5.0K tons)
This report provides an in-depth analysis of the cumene market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141270 - Cumene
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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