U.S. Fabricated Structural Metal Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
U.S. Structural Metal Imports Surge to Record $5B
IndexBox has just published a new report: 'U.S. Fabricated Structural Metal Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.
U.S. Fabricated Structural Metal Imports
In 2020, approx. 1.9M tonnes of fabricated structural metal were imported into the U.S.; jumping by 23% compared with the previous year's figure. In value terms, supplies reached a record $5B (IndexBox estimates).
China (318K tonnes), Canada (302K tonnes) and Mexico (212K tonnes) were the main suppliers of fabricated structural metal to the U.S., with a combined 45% share of total imports. These countries were followed by India, Malaysia, South Korea, Thailand, Spain, Vietnam, Indonesia, Turkey and Taiwan (Chinese), which together accounted for a further 44%.
The most notable growth rate of supplies to the U.S. was attained by Spain. Imports from Spain grew threefold in physical terms in 2020.
In value terms, the largest fabricated structural metal suppliers to the U.S. were Canada ($1.2B), Mexico ($1B) and China ($610M), with a combined 57% share of total imports. South Korea, Spain, India, Malaysia, Thailand, Vietnam, Taiwan (Chinese), Indonesia and Turkey lagged somewhat behind, together comprising a further 28%.
Source: IndexBox Platform
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 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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