U.S. Fabricated Structural Metal Market. Analysis And Forecast to 2030
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View PricingFabricated Structural Metal Price in the United States - 2023
Contents:
- Fabricated Structural Metal Price in the United States (CIF) - 2023
- Fabricated Structural Metal Price in the United States (FOB) - 2023
- Fabricated Structural Metal Imports in the United States
- Fabricated Structural Metal Exports in the United States
Fabricated Structural Metal Price in the United States (CIF) - 2023
In August 2023, the average fabricated structural metal import price amounted to $3,234 per ton, growing by 6.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 13% against the previous month. As a result, import price attained the peak level of $3,567 per ton. From January 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($5,746 per ton), while the price for India ($1,588 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fabricated Structural Metal Price in the United States (FOB) - 2023
In August 2023, the average fabricated structural metal export price amounted to $4,850 per ton, falling by -7.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 8.2% m-o-m. The export price peaked at $6,006 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($9,630 per ton), while the average price for exports to China ($2,542 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.1%), while the prices for the other major destinations experienced a decline.
Fabricated Structural Metal Imports in the United States
Fabricated structural metal imports into the United States skyrocketed to 2.5M tons in 2022, jumping by 19% compared with the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, fabricated structural metal imports skyrocketed to $7.7B in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fabricated Structural Metal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 846 | 1,011 | 1,357 | 1,928 | 31.6% |
| Canada | 1,210 | 1,178 | 1,383 | 1,545 | 8.5% |
| China | 586 | 616 | 701 | 845 | 13.0% |
| India | 98.3 | 209 | 199 | 434 | 64.1% |
| Thailand | 119 | 132 | 247 | 405 | 50.4% |
| South Korea | 263 | 255 | 231 | 401 | 15.1% |
| Turkey | 69.9 | 82.2 | 129 | 264 | 55.7% |
| Vietnam | 181 | 106 | 132 | 224 | 7.4% |
| Taiwan (Chinese) | 111 | 104 | 136 | 179 | 17.3% |
| Spain | 66.8 | 229 | 168 | 143 | 28.9% |
| United Arab Emirates | 123 | 42.9 | 28.9 | 99.8 | -6.7% |
| Malaysia | 68.1 | 190 | 230 | 86.3 | 8.2% |
| Portugal | 13.0 | 29.8 | 29.2 | 80.7 | 83.8% |
| Others | 746 | 767 | 871 | 1,025 | 11.2% |
| Total | 4,500 | 4,954 | 5,842 | 7,661 | 19.4% |
Top Suppliers of Fabricated Structural Metal to the United States in 2022:
- Mexico (535.1K tons)
- China (403.4K tons)
- Canada (317.0K tons)
- Thailand (249.5K tons)
- India (225.0K tons)
- Turkey (149.3K tons)
- South Korea (144.5K tons)
- Vietnam (77.9K tons)
- Taiwan (Chinese) (62.3K tons)
- United Arab Emirates (52.7K tons)
- Portugal (48.6K tons)
- Spain (41.1K tons)
- Malaysia (39.6K tons)
Fabricated Structural Metal Exports in the United States
Fabricated structural metal exports from the United States fell to 203K tons in 2022, with a decrease of -5.9% compared with the previous year. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, fabricated structural metal exports skyrocketed to $1.1B in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Fabricated Structural Metal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 453 | 394 | 549 | 654 | 13.0% |
| Mexico | 96.6 | 91.6 | 141 | 136 | 12.1% |
| Australia | 20.7 | 28.3 | 30.6 | 26.5 | 8.6% |
| Bahamas | 17.6 | 15.7 | 14.6 | 17.6 | 0.0% |
| China | 12.2 | 6.9 | 8.0 | 11.2 | -2.8% |
| Others | 381 | 264 | 235 | 298 | -7.9% |
| Total | 981 | 801 | 978 | 1,144 | 5.3% |
Top Export Markets for Fabricated Structural Metal from the United States in 2022:
- Canada (127.4K tons)
- Mexico (29.3K tons)
- Australia (3.7K tons)
- China (3.5K tons)
- Bahamas (3.0K tons)
This report provides an in-depth analysis of the fabricated structural metal market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 332312 - Fabricated structural metal manufacturing
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In March 2023, the growth rate reached its peak with a remarkable 27% month-on-month increase. The import of fabricated structural metal saw a significant decline in November 2023, with a value of $616M.
293
Imports of Fabricated Structural Metal reached a value of $783M in June 2023.
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In February 2023, the price of structural metal was $3,223 per ton (CIF, US), which was the same as the previous month.
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In November 2022, the fabricated structural metal price stood at $3,161 per ton (CIF, US), with an increase of 2.7% against the previous month.
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U.S. fabricated structural metal imports soared from $4.5B in 2019 to $5B in 2020. Purchases from Spain recorded the most prominent growth, increasing threefold in physical terms over the year.
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The value of Metal Tank imports decreased slightly to $199M in June 2023.
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In terms of value, exports of Sheet Metal Product reached $18M in May 2023.
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