Steel Wire Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Steel Wire Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the steel wire market in the U.S. amounted to $X in 2018, surging by X% 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). The market value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018, when it surged by X% year-to-year. In that year, the steel wire market reached its peak level, and is likely to continue its growth in the immediate term.

Steel Wire Production in the USA

In value terms, steel wire production stood at $X in 2018. Overall, steel wire production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. In that year, steel wire production attained its peak level of $X. From 2016 to 2018, steel wire production growth failed to regain its momentum.

Steel Wire Exports

Exports from the USA

In 2018, the amount of steel wire exported from the U.S. totaled X tonnes, shrinking by -X% against the previous year. Overall, steel wire exports continue to indicate an abrupt reduction. The growth pace was the most rapid in 2014, with an increase of -X% y-o-y. Over the period under review, steel wire exports attained their peak figure at X tonnes in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, steel wire exports stood at $X (IndexBox estimates) in 2018. Overall, steel wire exports continue to indicate an abrupt decline. In that year, steel wire exports reached their peak of $X. From 2015 to 2018, the growth of steel wire exports failed to regain its momentum.

Exports by Country

The UK (X tonnes), the Netherlands (X tonnes) and the Dominican Republic (X tonnes) were the main destinations of steel wire exports from the U.S., with a combined X% share of total exports. These countries were followed by New Zealand, South Korea, Australia, Colombia, Honduras, Panama, Guatemala, El Salvador and Antigua and Barbuda, which together accounted for a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Antigua and Barbuda (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel wire exported from the U.S. were the UK ($X), Australia ($X) and South Korea ($X), with a combined X% share of total exports. These countries were followed by the Netherlands, New Zealand, the Dominican Republic, Guatemala, Honduras, Panama, El Salvador, Antigua and Barbuda and Colombia, which together accounted for a further X%.

Export Prices by Country

The average steel wire export price stood at $X per kg in 2018, surging by X% against the previous year. In general, the steel wire export price continues to indicate a mild drop. The growth pace was the most rapid in 2014, when it surged by X% year-to-year. In that year, the average export prices for steel wire attained their peak level of $X per kg. From 2015 to 2018, the growth in terms of the average export prices for steel wire failed to regain its momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was Australia ($X per kg), while the average price for exports to Colombia ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Guatemala (+X% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Steel Wire Imports

Imports into the USA

In 2018, the amount of steel wire imported into the U.S. stood at X tonnes, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years.

In value terms, steel wire imports amounted to $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. In that year, steel wire imports attained their peak , and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X tonnes) constituted the largest steel wire supplier to the U.S., with a X% share of total imports. Moreover, steel wire imports from China exceeded the figures recorded by the second largest supplier, South Korea (X tonnes), fivefold. Taiwan, Chinese (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan, Chinese (+X% per year).

In value terms, China ($X) constituted the largest supplier of steel wire to the U.S., comprising X% of total steel wire imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Taiwan, Chinese, with a X% share.

Import Prices by Country

In 2018, the average steel wire import price amounted to $X per kg, jumping by X% against the previous year. Overall, the steel wire import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Japan ($X per kg), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Viet Nam (+X% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Fort Wayne Metals Research Products Corp, Bekaert Corporation, Master-Halco, Gafp, Insteel Industries, Taubensee Steel & Wire Company, The Heico Companies L L C, Suncoast Post-Tension, Southwestern Wire, Draka Elevator Products, Zapp Precision Wire , Tappan Wire & Cable Inc., Tokusen U.S.A., Hamrock, Davis Wire Corporation, Laclede Chain Manufacturing Company, National-Standard, Owl Wire & Cable, Barrette Outdoor Living, Loos & Co., Mount Joy Wire Corporation, Central Wire, Tree Island Wire (usa), American Manufacturing, United Wire Hanger Corp, Bekaert North America Management Corporation, Insteel Wire Products Company, National Material Company, The Gehr Group

Source: IndexBox AI Platform