U.S. - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in the United States - 2023
Contents:
- Concrete Reinforcing Bar Price in the United States (CIF) - 2023
- Concrete Reinforcing Bar Price in the United States (FOB) - 2023
- Concrete Reinforcing Bar Imports in the United States
- Concrete Reinforcing Bar Exports in the United States
Concrete Reinforcing Bar Price in the United States (CIF) - 2023
In August 2023, the average concrete reinforcing bar import price amounted to $632 per ton, reducing by -9% against the previous month. Overall, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 6.9% month-to-month. Over the period under review, average import prices reached the maximum at $920 per ton in November 2022; however, from December 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($1,036 per ton), while the price for Mexico ($537 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%), while the prices for the other major suppliers experienced a decline.
Concrete Reinforcing Bar Price in the United States (FOB) - 2023
The average concrete reinforcing bar export price stood at $1,013 per ton in August 2023, which is down by -7.1% against the previous month. Over the period under review, the export price saw a slight reduction. The pace of growth appeared the most rapid in April 2023 an increase of 8.5% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,275 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In August 2023, the country with the highest price was Mexico ($1,299 per ton), while the average price for exports to Canada ($912 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+0.9%), while the prices for the other major destinations experienced a decline.
Concrete Reinforcing Bar Imports in the United States
In 2022, imports of concrete reinforcing bars into the United States amounted to 1.5M tons, picking up by 12% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, concrete reinforcing bar imports skyrocketed to $1.4B in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 85%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Concrete Reinforcing Bar in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 81.4 | 140 | 288 | 412 | 71.7% |
Turkey | 36.8 | 181 | 206 | 285 | 97.8% |
Algeria | 39.7 | 3.9 | 175 | 275 | 90.6% |
Canada | 58.9 | 63.0 | 128 | 189 | 47.5% |
Japan | 21.3 | 13.7 | 21.3 | 54.1 | 36.4% |
Dominican Republic | 34.7 | 26.8 | 35.7 | 47.8 | 11.3% |
Spain | 126 | 69.4 | 45.6 | 22.0 | -44.1% |
Italy | 84.0 | 0.3 | 9.8 | 9.5 | -51.6% |
Others | 139 | 18.6 | 44.9 | 57.9 | -25.3% |
Total | 622 | 517 | 955 | 1,352 | 29.5% |
Top Suppliers of Concrete Reinforcing Bar to the United States in 2022:
- Turkey (385.6K tons)
- Mexico (378.7K tons)
- Algeria (363.6K tons)
- Canada (162.5K tons)
- Dominican Republic (55.6K tons)
- Japan (51.8K tons)
- Spain (25.1K tons)
- Italy (9.6K tons)
Concrete Reinforcing Bar Exports in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of concrete reinforcing bars, when their volume decreased by -16.1% to 306K tons. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of 365K tons, and then dropped sharply in the following year.
In value terms, concrete reinforcing bar exports totaled $368M in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Concrete Reinforcing Bar in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 113 | 133 | 269 | 250 | 30.3% |
Mexico | 50.5 | 37.2 | 84.5 | 104 | 27.2% |
Others | 7.7 | 5.4 | 11.6 | 14.5 | 23.5% |
Total | 171 | 175 | 365 | 368 | 29.1% |
Top Export Markets for Concrete Reinforcing Bar from the United States in 2022:
- Canada (215.4K tons)
- Mexico (77.3K tons)
This report provides an in-depth analysis of the concrete reinforcing bar 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:
- Prodcom 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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