U.S. Iron Foundries Market. Analysis And Forecast to 2030
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View PricingIron Foundry Price in the United States - 2023
Contents:
- Iron Foundry Price in the United States (CIF) - 2023
- Iron Foundry Price in the United States (FOB) - 2023
- Iron Foundry Imports in the United States
- Iron Foundry Exports in the United States
Iron Foundry Price in the United States (CIF) - 2023
In August 2023, the average iron foundry import price amounted to $2,997 per ton, approximately equating the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 16% m-o-m. The import price peaked at $3,022 per ton in July 2023, and then dropped slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was France ($7,745 per ton), while the price for India ($1,678 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 Mexico (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron Foundry Price in the United States (FOB) - 2023
In August 2023, the average iron foundry export price amounted to $4,958 per ton, reducing by -15.9% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 16% month-to-month. The export price peaked at $5,894 per ton in July 2023, and then contracted remarkably in the following month.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was China ($12,387 per ton), while the average price for exports to Canada ($3,740 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 China (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Iron Foundry Imports in the United States
In 2022, the amount of iron foundries imported into the United States soared to 639K tons, with an increase of 20% against the previous year. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron foundry imports surged to $1.8B in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +66.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Foundry in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 485 | 414 | 525 | 595 | 7.1% |
| India | 170 | 159 | 243 | 428 | 36.0% |
| France | 71.7 | 86.7 | 118 | 150 | 27.9% |
| Mexico | 92.5 | 51.0 | 63.2 | 83.6 | -3.3% |
| Canada | 56.8 | 56.6 | 70.8 | 71.2 | 7.8% |
| Germany | 32.2 | 31.3 | 36.4 | 51.4 | 16.9% |
| Thailand | 26.1 | 31.8 | 33.2 | 44.8 | 19.7% |
| Others | 239 | 249 | 287 | 368 | 15.5% |
| Total | 1,173 | 1,079 | 1,377 | 1,792 | 15.2% |
Top Suppliers of Iron Foundry to the United States in 2022:
- India (263.6K tons)
- China (211.9K tons)
- Mexico (20.4K tons)
- Canada (17.0K tons)
- France (15.8K tons)
- Germany (14.4K tons)
- Thailand (10.6K tons)
Iron Foundry Exports in the United States
In 2022, exports of iron foundries from the United States shrank modestly to 132K tons, standing approx. at 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 29%.
In value terms, iron foundry exports rose rapidly to $651M in 2022. Over the period under review, exports continue to indicate a slight slump.
| Export of Iron Foundry in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 230 | 194 | 247 | 288 | 7.8% |
| Mexico | 123 | 87.0 | 117 | 120 | -0.8% |
| India | 16.8 | 13.0 | 11.9 | 17.7 | 1.8% |
| Germany | 15.6 | 14.1 | 12.0 | 17.7 | 4.3% |
| China | 28.2 | 30.6 | 14.6 | 17.5 | -14.7% |
| Others | 256 | 187 | 171 | 190 | -9.5% |
| Total | 670 | 526 | 574 | 651 | -1.0% |
Top Export Markets for Iron Foundry from the United States in 2022:
- Canada (74.8K tons)
- Mexico (24.9K tons)
- Germany (3.7K tons)
- India (2.8K tons)
- China (2.3K tons)
This report provides an in-depth analysis of the iron foundry 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 331511 - Iron foundries
Companies mentioned:
- Alstom USA
- United States Pipe and Foundry Company
- Metaltek International
- Ej Usa, Waupaca Foundry
- Neenah Foundry Company
- Ward Manufacturing
- Metso Minerals Industries
- Rochester Metal Products Corp.
- United States Foundry & Manufacturing CorporationGrede Holdings
- Ej Group
- Dexter Apache Holdings
- Intat Precision
- The Dalton Corporation
- U. S. Holdings
- Brillion Iron Works
- Tyler Pipe Company
- Bremen Castings
- Osco Industries
- Elyria Foundry Company
- Vernon North Industry Corp
- Benton Foundry
- Metal Technologies of Indiana
- Intermet Corporation
- Grede
- Grede Foundries
- Grede II
- USP Holdings
- Waupaca Foundry Holdings
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
- 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
-
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
-
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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Imports of Iron Foundry decreased to $107M in June 2023.
526
In February 2023, the price of iron at the foundry was steadied at $2,938 CIF per ton in the US, compared to the previous month.
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