Market for Oils From Coal Tar in the United States
Market Overview
In 
, the U.S. oils from coal tar market decreased by -% to $, falling for the third consecutive year after three years of growth. In general, consumption saw a abrupt downturn. Oils from coal tar consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, oils from coal tar production expanded rapidly to $ in . Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of %. Over the period under review, production attained the peak level at $ in 2014; however, from 2015 to , production remained at a lower figure.
, the U.S. oils from coal tar market decreased by -% to $, falling for the third consecutive year after three years of growth. In general, consumption saw a abrupt downturn. Oils from coal tar consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, oils from coal tar production expanded rapidly to $
in . Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of %. Over the period under review, production attained the peak level at $ in 2014; however, from 2015 to , production remained at a lower figure.Consumption
In , consumption of oils and other products of the distillation of high temperature coal tar increased by % to tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable decline. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The revenue of the oils from coal tar market in the United States rose notably to $ in , surging by % against 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). Overall, consumption, however, saw a pronounced contraction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, consumption of oils and other products of the distillation of high temperature coal tar increased by % to tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable decline. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The revenue of the oils from coal tar market in the United States rose notably to $
in , surging by % against 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). Overall, consumption, however, saw a pronounced contraction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Driven by rising demand for oils from coal tar in the United States, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, 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 .
% 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
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.
, 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 oils from coal tar; 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.
. 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.
Download XLSX
Download all the data in the form of a report