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Kaolinitic Clays Market in the United States

Market Overview
For the fifth consecutive year, the U.S. kaolinitic clays market recorded growth in sales value, which increased by % to $ in . The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the market value increased by %. Over the period under review, the market hit record highs in and is likely to see steady growth in the immediate term.

In value terms, kaolinitic clays production fell to $ in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. The United States production peaked at $ in 2019, and then fell modestly in the following year.


Consumption
In , the amount of kaolinitic clays (ball and plastic clays) consumed in the United States totaled tons, leveling off at the year before. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by %. Over the period under review, consumption reached the peak volume at tons in 2019; however, from to , consumption failed to regain momentum.

The size of the kaolinitic clays market in the United States totaled $ in , stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of % against the previous year. The United States consumption peaked in and is likely to continue growth in years to come.


Market Forecast
Driven by increasing demand for kaolinitic clays in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total kaolinitic clays consumption in the United States was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United States kaolinitic clays market is largely supplied by domestic manufacturers. The growth in the share of the United States imports of in the kaolinitic clays market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
The United States remains a net exporter of kaolinitic clays; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.