U.S.: Insulating Board Market 2024

Insulating Board Market Size in the U.S.

The U.S. insulating board market contracted to $X in 2022, waning by -8.5% against the previous year. In general, consumption saw a deep reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Insulating Board Production in the U.S.

In value terms, insulating board production shrank to $X in 2022. Overall, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Insulating Board Exports

Exports from the U.S.

In 2022, shipments abroad of insulating board increased by 74% to X cubic meters, rising for the fifth year in a row after four years of decline. In general, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insulating board exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X cubic meters) and Mexico (X cubic meters) were the main destinations of insulating board exports from the United States.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +14.5%).

In value terms, the largest markets for insulating board exported from the United States were Canada ($X) and Mexico ($X).

Mexico, with a CAGR of +13.9%, 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.

Export Prices by Country

In 2022, the average insulating board export price amounted to $X per cubic meter, shrinking by -2% against the previous year. In general, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per cubic meter), while the average price for exports to Canada amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.6%).

Insulating Board Imports

Imports into the U.S.

In 2022, imports of insulating board into the United States contracted to X cubic meters, waning by -12.1% compared with 2021. In general, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of X cubic meters, and then contracted in the following year.

In value terms, insulating board imports soared to $X in 2022. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 67% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Canada (X cubic meters) constituted the largest supplier of insulating board to the United States, accounting for a 71% share of total imports. Moreover, insulating board imports from Canada exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), fivefold. The third position in this ranking was taken by China (X cubic meters), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.3% per year) and China (-11.6% per year).

In value terms, Canada ($X) constituted the largest supplier of insulating board to the United States, comprising 70% of total imports. The second position in the ranking was taken by Poland ($X), with a 13% share of total imports. It was followed by China, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Canada totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.8% per year) and China (-16.8% per year).

Import Prices by Country

The average insulating board import price stood at $X per cubic meter in 2022, with an increase of 36% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the average import prices remained at a lower figure.

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 Switzerland ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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