Price for Mineral Substances Not Elsewhere Specified or Included in the United States - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in the United States (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in the United States (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in the United States
- Exports of Mineral Substances Not Elsewhere Specified or Included in the United States
Price for Mineral Substances Not Elsewhere Specified or Included in the United States (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $269 per ton in 2022, with an increase of 27% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mineral substances not elsewhere specified or includeds increased by +38.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($1,339 per ton), while the price for Canada ($99 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in the United States (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $764 per ton, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 the Netherlands ($8,121 per ton), while the average price for exports to Canada ($265 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 the Netherlands (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in the United States
In 2022, approx. 573K tons of mineral substances not elsewhere specified or includeds were imported into the United States; surging by 1.7% against the previous year's figure. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 3.9%.
In value terms, imports of mineral substances not elsewhere specified or includeds skyrocketed to $154M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 20.4 | 17.9 | 16.9 | 27.1 | 9.9% |
| China | 7.6 | 8.2 | 12.5 | 25.4 | 49.5% |
| Mexico | 26.0 | 16.0 | 22.4 | 19.0 | -9.9% |
| Australia | 18.4 | 3.3 | 7.5 | 16.7 | -3.2% |
| Canada | 28.3 | 18.6 | 17.7 | 15.7 | -17.8% |
| Japan | 11.9 | 15.3 | 15.1 | 13.5 | 4.3% |
| Brazil | 4.5 | 5.0 | 7.4 | 6.8 | 14.8% |
| Germany | 2.7 | 2.7 | 3.4 | 4.9 | 22.0% |
| South Africa | 8.4 | 9.1 | 4.3 | 4.0 | -21.9% |
| Turkey | 0.6 | 0.3 | 0.3 | 2.3 | 56.5% |
| Others | 11.5 | 11.2 | 11.9 | 18.6 | 17.4% |
| Total | 140 | 107 | 119 | 154 | 3.2% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to the United States in 2022:
- Greece (218.2K tons)
- Canada (157.6K tons)
- Mexico (74.9K tons)
- China (19.3K tons)
- Turkey (16.4K tons)
- Brazil (15.0K tons)
- Australia (13.6K tons)
- South Africa (13.5K tons)
- Japan (13.2K tons)
- Germany (9.2K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in the United States
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from the United States declined to 150K tons, shrinking by -6.7% on 2021. In general, exports recorded a abrupt descent. The smallest decline of -2.1% was in 2021.
In value terms, exports of mineral substances not elsewhere specified or includeds rose remarkably to $114M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 11.5 | 8.9 | 11.6 | 24.8 | 29.2% |
| Canada | 25.9 | 25.5 | 23.2 | 22.5 | -4.6% |
| Japan | 14.4 | 12.1 | 14.8 | 15.6 | 2.7% |
| Mexico | 9.8 | 9.5 | 8.4 | 10.3 | 1.7% |
| Belgium | 1.1 | 1.7 | 2.2 | 5.3 | 68.9% |
| United Kingdom | 6.1 | 5.1 | 2.8 | 4.7 | -8.3% |
| China | 3.6 | 4.1 | 4.7 | 4.0 | 3.6% |
| Germany | 3.5 | 2.1 | 3.8 | 3.2 | -2.9% |
| Bahamas | 2.1 | 1.7 | 1.7 | 2.0 | -1.6% |
| Italy | 2.0 | 3.4 | 3.5 | 1.6 | -7.2% |
| Others | 24.2 | 21.6 | 26.4 | 20.4 | -5.5% |
| Total | 104 | 95.7 | 103 | 114 | 3.1% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from the United States in 2022:
- Canada (84.6K tons)
- Mexico (15.4K tons)
- Belgium (9.6K tons)
- Germany (6.2K tons)
- Bahamas (4.9K tons)
- Japan (3.5K tons)
- Netherlands (3.1K tons)
- Italy (2.7K tons)
- China (2.7K tons)
- United Kingdom (2.6K tons)
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