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U.S. Prefabricated Metal Building And Components Market. Analysis And Forecast to 2030
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Article Publishing Date: Mar 17, 2023
Prefabricated Metal Building Prices in the United States Skyrocket to $1,306 per Unit
U.S. Prefabricated Metal Building Export Price in December 2022
In December 2022, the prefabricated metal building price stood at $1,306 per unit (FOB, US), rising by 12% against the previous month. Over the period under review, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in April 2022 an increase of 241% against the previous month. Over the period under review, the average export prices hit record highs at $8,542 per unit in September 2022; afterwards, it flattened through to December 2022.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Mexico ($8,022 per unit), while the average price for exports to France ($232 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Prefabricated Metal Building Exports
In December 2022, overseas shipments of prefabricated metal building and components decreased by -42.8% to 12K units for the first time since September 2022, thus ending a two-month rising trend. In general, exports recorded a mild decline. The growth pace was the most rapid in October 2022 when exports increased by 707% m-o-m. The exports peaked at 20K units in November 2022, and then shrank remarkably in the following month.
In value terms, prefabricated metal building exports declined sharply to $15M (IndexBox estimates) in December 2022. Over the period under review, exports, however, recorded modest growth. The most prominent rate of growth was recorded in October 2022 when exports increased by 105% month-to-month. As a result, the exports reached the peak of $26M. From November 2022 to December 2022, the growth of the exports remained at a lower figure.
U.S. Prefabricated Metal Building Exports by Country
France (6.3K units) was the main destination for prefabricated metal building exports from the United States, with a 55% share of total exports. Moreover, prefabricated metal building exports to France exceeded the volume sent to the second major destination, Germany (1.5K units), fourfold. The UK (1.5K units) ranked third in terms of total exports with a 13% share.
From January 2022 to December 2022, the average monthly growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (-2.8% per month) and the UK (+18.2% per month).
In value terms, the largest markets for prefabricated metal building exported from the United States were Mexico ($3.3M), the UK ($1.9M) and Canada ($1.6M), with a combined 45% share of total exports. France, Denmark, Germany and Panama lagged somewhat behind, together comprising a further 20%.
Panama, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Prices
There are several factors contributing to this price increase. One of the primary factors is the rising cost of raw materials, such as steel and aluminum. As these materials become more expensive, it becomes increasingly costly for manufacturers to produce prefabricated metal buildings.
Another factor contributing to the rise in prices is the increased demand for prefabricated metal buildings. With the growth of e-commerce and other industries, there has been a greater need for warehouses, distribution centers, and other types of commercial buildings. As a result, manufacturers of prefabricated metal buildings have seen a surge in orders, and prices have risen accordingly.
Despite the rise in prices, many businesses continue to choose prefabricated metal buildings for their durability and cost-effectiveness. These buildings are often quicker to construct than traditional buildings, saving businesses time and money in the long run. Additionally, prefabricated metal buildings are designed to withstand harsh weather conditions, providing added protection for businesses and their assets.
It remains to be seen whether prices for prefabricated metal buildings will continue to rise in the future. Some anticipate that prices will begin to stabilize as the market adjusts to the demand. However, in the meantime, businesses should be prepared for higher prices if they are considering investing in a prefabricated metal building for their operations.
This report provides an in-depth analysis of the prefabricated metal building 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 332311 - Prefabricated metal building and component manufacturing
Companies mentioned:
• Nci Group
• Chief Industries
• Kingspan-Medusa
• Schulte Building Systems
• Mueller Supply Company
• McElroy Metal Mill
• Kirby Building Systems
• American Buildings Company
• Whirlwind Steel Buildings
• Alliance Steel
• Protect Controls
• Acorn Engineering Company
• Marcon & Boyer
• Nci Building Systems
• ASC Profiles
• Quanex Homeshield
• Kingspan Insulated Panels
• United Structures of America
• Industrial Acoustics Co
• Trident Building Systems
• Magnatrax Corporation
• Varco Pruden Holding
• Ghm Corp.
• Associated Group Holdings
• Bonitz
• Robertson-Ceco II Corporation
• Whirlwind Holding Company
• Rigid Global Buildings
• Mpi Products Holdings
• Associated Steel Group
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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