U.S. Steel Wire Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Steel Wire Market - U.S. Steel Wire Imports Ceased Growing After a Rebound, Slightly Short Of Pre-Recession Level
Photo: © unkas_photo / Bigstockphoto
The U.S. dominates in global imports on the steel wire market, accounting for a X% share (based on USD). It was followed by Germany (X%), France (X%), and Japan (X%). In 2015, U.S. steel wire imports totaled X million USD, which was X% more than the year before. Imports experienced a drastic fall in 2009, when they dropped by nearly X%. This was followed by rapid growth over the three years that followed, which lost its momentum in 2013, with imports growing at a weak pace through to 2015.
In 2015, U.S. steel wire imports almost reached the pre-recession imports level of 2008, only X% short from a full recovery.
Despite the weak pace of post-crisis recovery, the U.S. continues to be one of the biggest markets for global exporters.
China, Canada, and, distantly, Mexico were the main suppliers of steel wire into the U.S., with a combined share of X% of total U.S. imports in 2015. Mexico was the fastest growing supplier (+X% per year) from 2007 to 2015, while imports from China declined by -X% per year from over the same period, and imports from Canada remained relatively stable. Mexico slightly improved its position in the U.S. import structure, growing its share from X% in 2007 to X% in 2015. By contrast, China saw its share reduced by -X percentage points, down to X%.
From 2007 to 2015, the U.S. was a net importer of steel wire. However, exports grew a bit faster than imports on average over the period under review.
In 2015, U.S. steel wire industry ran a trade deficit of X million USD, a figure that remained relatively stable in recent years.
Do you want to know more about the U.S. steel wire market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- steel wire market share
- steel wire prices
- steel wire industry
- steel wire sales
- steel wire market forecast
- steel wire price forecast
- key steel wire producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the steel wire 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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