U.S. - Iron Or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExpanded Metal Price in the United States - 2023
Contents:
- Expanded Metal Price in the United States (CIF) - 2023
- Expanded Metal Price in the United States (FOB) - 2023
- Expanded Metal Imports in the United States
- Expanded Metal Exports in the United States
Expanded Metal Price in the United States (CIF) - 2023
In September 2023, the average expanded metal import price amounted to $4,438 per ton, declining by -9.6% against the previous month. Overall, the import price showed a perceptible setback. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 19% m-o-m. Over the period under review, average import prices hit record highs at $7,873 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($10,537 per ton), while the price for China ($1,629 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (-1.1%), while the prices for the other major suppliers experienced a decline.
Expanded Metal Price in the United States (FOB) - 2023
The average expanded metal export price stood at $85,102 per ton in September 2023, falling by -9.2% against the previous month. Over the period under review, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in January 2023 an increase of 103% against the previous month. Over the period under review, the average export prices hit record highs at $94,939 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were the UK ($104K per ton) and Canada ($86,652 per ton), while the average price for exports to Mexico ($79,364 per ton) and Argentina ($86,647 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Expanded Metal Imports in the United States
After three years of growth, overseas purchases of iron or steel expanded metal decreased by -20.8% to 27K tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% 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 +42.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year.
In value terms, expanded metal imports reduced to $80M in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, imports attained the peak of $93M, and then shrank in the following year.
| Import of Expanded Metal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 22.0 | 21.9 | 43.3 | 37.3 | 19.2% |
| China | 7.0 | 6.9 | 14.8 | 18.4 | 38.0% |
| Canada | 7.0 | 7.7 | 9.1 | 13.3 | 23.9% |
| Italy | 0.3 | 0.3 | 3.0 | 2.9 | 113.0% |
| South Korea | 1.7 | 1.2 | 2.5 | N/A | 21.3% |
| Vietnam | 6.6 | 16.0 | 6.7 | N/A | 0.8% |
| Others | 4.1 | 4.0 | 14.1 | 8.5 | 27.5% |
| Total | 48.8 | 58.1 | 93.4 | 80.5 | 18.2% |
Top Suppliers of Expanded Metal to the United States in 2022:
- Mexico (14.0K tons)
- China (6.4K tons)
- Canada (3.5K tons)
- Italy (1.0K tons)
Expanded Metal Exports in the United States
In 2022, approx. 7.1K tons of iron or steel expanded metal were exported from the United States; increasing by 113% on 2021. In general, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, expanded metal exports surged to $26M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Expanded Metal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.4 | 7.0 | 11.1 | 12.0 | 30.5% |
| South Africa | N/A | N/A | 0.5 | 6.7 | 1240.0% |
| Canada | 3.6 | 3.4 | 5.7 | 6.1 | 19.2% |
| United Kingdom | 0.6 | 0.4 | 0.5 | 0.5 | -5.9% |
| Others | 1.2 | 1.0 | 0.6 | 0.7 | -16.4% |
| Total | 10.7 | 11.9 | 18.4 | 26.0 | 34.4% |
Top Export Markets for Expanded Metal from the United States in 2022:
- Mexico (2.9K tons)
- South Africa (1.8K tons)
- Canada (1.7K tons)
- United Kingdom (0.3K tons)
This report provides an in-depth analysis of the expanded 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:
- Prodcom 25931350 - Iron or steel expanded metal
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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