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U.S. Fabricated Structural Metal Market. Analysis And Forecast to 2030
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Article Publishing Date: Feb 7, 2023
Fabricated Structural Metal Price in America Grows 3%, Averaging $3,161 per Ton
U.S. Fabricated Structural Metal Import Price in November 2022
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. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 10% m-o-m. The import price peaked in November 2022.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($5,113 per ton), while the price for Thailand ($1,605 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Fabricated Structural Metal Imports
In November 2022, imports of fabricated structural metal into the United States shrank modestly to 200K tons, which is down by -1.9% against October 2022 figures. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when imports increased by 27% m-o-m. As a result, imports reached the peak of 248K tons. From April 2022 to November 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fabricated structural metal imports stood at $633M (IndexBox estimates) in November 2022. The total import value increased at an average monthly rate of +1.4% from January 2022 to November 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2022 with an increase of 24% m-o-m. Imports peaked at 701K tons in May 2022; however, from June 2022 to November 2022, imports failed to regain momentum.
U.S. Fabricated Structural Metal Imports by Country
Mexico (49K tons), Canada (27K tons) and China (24K tons) were the main suppliers of fabricated structural metal imports to the United States, together accounting for 50% of total imports. These countries were followed by Turkey, Thailand, India, Vietnam, Portugal, Taiwan (Chinese), South Korea, the United Arab Emirates, Spain and Malaysia, which together accounted for a further 43%.
From January 2022 to November 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($176M), Canada ($131M) and China ($59M) constituted the largest fabricated structural metal suppliers to the United States, together comprising 58% of total imports. India, Turkey, Thailand, South Korea, Vietnam, Taiwan (Chinese), Spain, Portugal, the United Arab Emirates and Malaysia lagged somewhat behind, together comprising a further 30%.
Among the main suppliers, Portugal, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Fabricated Structural Metal Market Overview
The fabricated structural metal market in the United States is expected to grow significantly in the next few years. The construction sector is expected to grow in the next few years, due to the rebound in housing starts and the increasing number of commercial and infrastructure projects. This will lead to an increase in demand for fabricated structural metals, as they are used extensively in construction applications. In addition, the growing automotive and aerospace industries are also driving the growth of this market.
However, there are some factors that could restraint the growth of this market. The rising cost of raw materials, labor costs, and environmental regulations are some of the major challenges faced by manufacturers in this market. Additionally, the volatile nature of the global economy can also impact the demand for fabricated structural metal products.
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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