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U.S. Iron And Steel Pipe And Tube Market. Analysis And Forecast to 2030

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Article Publishing Date: Oct 8, 2023

August 2023 Sees Remarkable Decline in U.S. Imports of Iron and Steel Pipes to $1.5M

U.S. Iron And Steel Pipe Imports

In August 2023, iron and steel pipe imports into the United States totaled 655 tons, picking up by 12% compared with the previous month's figure. In general, imports saw a strong increase. The pace of growth appeared the most rapid in February 2023 when imports increased by 61% m-o-m. Over the period under review, imports attained the peak figure in August 2023.

In value terms, iron and steel pipe imports shrank notably to $1.5M (IndexBox estimates) in August 2023. Over the period under review, total imports indicated noticeable growth from August 2022 to August 2023: its value increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, imports increased by +2.8% against June 2023 indices. The pace of growth appeared the most rapid in April 2023 when imports increased by 53% m-o-m. U.S. Iron And Steel Pipe Imports By Country (Thousand USD)

COUNTRY	Import Value of Iron And Steel Pipe in U.S. (thousand USD)
COUNTRY	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023
Mexico	1,056	915	778	574	755	1,026	862	764	1,208	1,391	1,125	1,530	1,105
Vietnam	N/A	75.1	171	17.6	N/A	128	76.5	42.2	N/A	N/A	112	243	436
Canada	70.9	89.0	252	286	80.9	65.7	853	269	442	202	11.1	34.2	N/A
South Korea	N/A	N/A	N/A	N/A	292	N/A	43.5	N/A	21.6	N/A	251	N/A	N/A
Others	N/A	N/A	2.8	N/A	96.1	N/A	21.1	16.5	N/A	N/A	N/A	15.5	N/A
Total	1,127	1,079	1,204	879	1,224	1,220	1,855	1,091	1,672	1,593	1,499	1,823	1,541

Imports by Country

Vietnam (354 tons) and Mexico (301 tons) were the main suppliers of iron and steel pipe imports to the United States.

From August 2022 to August 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +19.4%).

In value terms, Mexico ($1.1M) constituted the largest supplier of iron and steel pipe to the United States, comprising 72% of total imports. The second position in the ranking was taken by Vietnam ($436K), with a 28% share of total imports.

From August 2022 to August 2023, the average monthly rate of growth in terms of value from Mexico was relatively modest.

Import Prices by Country

In August 2023, the iron and steel pipe price stood at $2,353 per ton (CIF, US), with a decrease of -24.6% against the previous month. Overall, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 18% m-o-m. The import price peaked at $3,680 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($3,672 per ton), while the price for Vietnam stood at $1,233 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron and steel pipe 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 331210 - Iron and steel pipe and tube manufacturing from purchased steel
NAICS 331110B - Steel pipes and tubes, made in steel mills producing semifinished shapes or plate

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Iron And Steel Pipe And Tube Market. Analysis And Forecast to 2030

August 2023 Sees Remarkable Decline in U.S. Imports of Iron and Steel Pipes to $1.5M

U.S. Iron And Steel Pipe Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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