Updated Jan 11, 2023 05:23

Ether Market in the United States

Market Overview
The U.S. ether market fell sharply to $ in , dropping 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). Over the period under review, consumption recorded a noticeable reduction. Ether consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.

In value terms, ether production reached $ in . In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. Ether production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.


Consumption
In , the amount of ethers consumed in the United States declined notably to tons, reducing by -% on the year before. In general, consumption saw a noticeable reduction. Over the period under review, consumption reached the maximum volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The value of the ether market in the United States shrank sharply to $ in , waning 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). Over the period under review, consumption saw a perceptible slump. Ether consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for ether in the United States, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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 increased moderately ( percentage point) over the period under review.


Trade Balance
The United States remains a net exporter of ether; 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.