Biodiesel Market in the United States
Market Overview
In 
, the U.S. biodiesel market decreased by -% to $, falling for the third year in a row after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. Biodiesel consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
In value terms, biodiesel production reduced notably to $ in . In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by %. As a result, production reached the peak level of $. From 2018 to , production growth remained at a lower figure.
, the U.S. biodiesel market decreased by -% to $, falling for the third year in a row after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. Biodiesel consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.In value terms, biodiesel production reduced notably to $
in . In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by %. As a result, production reached the peak level of $. From 2018 to , production growth remained at a lower figure.Consumption
Biodiesel consumption in the United States contracted modestly to tonnes in , dropping by -% on 2019 figures. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to : its volume increased at an average annual rate of +% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption reached the peak volume of tonnes. From 2017 to , the growth of the consumption remained at a somewhat lower figure.
The size of the biodiesel market in the United States declined dramatically to $ in , shrinking 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). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to , consumption failed to regain momentum.
tonnes in , dropping by -% on 2019 figures. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to : its volume increased at an average annual rate of +% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. As a result, consumption reached the peak volume of tonnes. From 2017 to , the growth of the consumption remained at a somewhat lower figure.The size of the biodiesel market in the United States declined dramatically to $
in , shrinking 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). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for biodiesel in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2012 to % in . The United States domestic supply is expected to continue its growth.
% in 2012 to % in . The United States domestic supply is expected to continue its growth.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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