U.S. Nonferrous Forging Market. Analysis And Forecast to 2030
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View PricingNonferrous Forging Price in the United States - 2023
Contents:
- Nonferrous Forging Price in the United States (FOB) - 2023
- Nonferrous Forging Price in the United States (CIF) - 2023
- Nonferrous Forging Exports in the United States
- Nonferrous Forging Imports in the United States
Nonferrous Forging Price in the United States (FOB) - 2023
In August 2023, the average nonferrous forging export price amounted to $22,809 per ton, standing approximately at the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in April 2023 an increase of 33% against the previous month. As a result, the export price reached the peak level of $33,621 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Singapore ($92,516 per ton), while the average price for exports to Italy ($10,634 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 Singapore (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Nonferrous Forging Price in the United States (CIF) - 2023
In August 2023, the average nonferrous forging import price amounted to $26,326 per ton, surging by 39% against the previous month. Overall, the import price showed a pronounced expansion. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 55% m-o-m. The import price peaked in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($66,613 per ton), while the price for China ($5,895 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 Hungary (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Nonferrous Forging Exports in the United States
In 2022, nonferrous forging exports from the United States expanded rapidly to 8.2K tons, surging by 8.3% compared with the previous year. Overall, exports, however, continue to indicate a abrupt shrinkage.
In value terms, nonferrous forging exports expanded significantly to $163M in 2022. In general, exports, however, recorded a noticeable contraction.
| Export of Nonferrous Forging in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.4 | 17.6 | 26.5 | 25.1 | -5.1% |
| Japan | 28.1 | 33.0 | 21.2 | 21.7 | -8.3% |
| United Kingdom | 15.9 | 9.4 | 11.9 | 15.0 | -1.9% |
| France | 23.4 | 10.4 | 8.6 | 12.7 | -18.4% |
| Canada | 9.3 | 10.8 | 12.7 | 11.6 | 7.6% |
| Germany | 0.6 | 1.5 | 6.1 | 8.6 | 142.9% |
| South Korea | 15.4 | 12.5 | 9.4 | 6.2 | -26.2% |
| Turkey | 7.0 | 10.7 | 9.4 | 5.9 | -5.5% |
| Italy | 8.4 | 8.6 | 4.9 | 5.6 | -12.6% |
| Malaysia | 0.5 | 3.1 | 1.1 | 4.6 | 109.5% |
| Taiwan (Chinese) | 1.1 | 1.2 | 1.8 | 4.4 | 58.7% |
| Hungary | 1.2 | N/A | 2.1 | 4.1 | 50.6% |
| Brazil | 5.8 | 6.2 | 4.0 | 4.0 | -11.6% |
| Others | 33.8 | 29.2 | 23.2 | 33.9 | 0.1% |
| Total | 180 | 154 | 143 | 163 | -3.3% |
Top Export Markets for Nonferrous Forging from the United States in 2022:
- Japan (1631.5 tons)
- China (1496.8 tons)
- France (721.0 tons)
- United Kingdom (488.5 tons)
- Canada (481.6 tons)
- Hungary (452.6 tons)
- Italy (355.6 tons)
- Taiwan (Chinese) (327.1 tons)
- Germany (264.8 tons)
- Turkey (247.9 tons)
- Brazil (247.1 tons)
- South Korea (240.9 tons)
- Malaysia (218.9 tons)
Nonferrous Forging Imports in the United States
In 2022, approx. 3.4K tons of nonferrous forging were imported into the United States; increasing by 144% on 2021 figures. Overall, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nonferrous forging imports soared to $44M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nonferrous Forging in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1.8 | 5.1 | 8.9 | 22.4 | 131.7% |
| Hungary | N/A | N/A | N/A | 6.5 | 0% |
| France | 1.7 | 0.4 | 1.0 | 3.2 | 23.5% |
| Vietnam | 0.9 | 1.5 | 1.2 | 3.1 | 51.0% |
| China | 6.0 | 1.4 | 2.1 | 2.1 | -29.5% |
| Taiwan (Chinese) | 1.6 | 1.4 | 2.2 | 1.8 | 4.0% |
| Argentina | N/A | 0.9 | 1.2 | 1.5 | 29.1% |
| Czech Republic | 2.4 | 1.4 | 1.0 | 0.2 | -56.3% |
| Russia | 0.5 | 0.7 | 0.3 | 0.2 | -26.3% |
| Others | 3.0 | 2.0 | 4.2 | 2.9 | -1.1% |
| Total | 18.0 | 15.0 | 22.0 | 43.9 | 34.6% |
Top Suppliers of Nonferrous Forging to the United States in 2022:
- Hungary (1302.3 tons)
- Mexico (1104.7 tons)
- France (219.1 tons)
- Vietnam (183.1 tons)
- China (136.0 tons)
- Taiwan (Chinese) (82.2 tons)
- Argentina (79.2 tons)
- Russia (45.0 tons)
- Czech Republic (38.1 tons)
This report provides an in-depth analysis of the nonferrous forging 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 332112 - Nonferrous forging
Companies mentioned:
- Mueller Industries
- Wyman-Gordon Company
- Weber Metals
- Power Systems Mfg.
- Machine Specialty & Manufacturing
- Plansee USA
- Shultz Steel Company
- Aluminum Precision Products
- Cleveland Hardware and Forging Company
- Kobe Aluminum Automotive Products
- Ohio Star Forge Co.
- Quality Aluminum Forge
- Consolidated Industries
- Carlton Forge Works
- Harvey Industries
- Lindsey Manufacturing Co.
- Continental Forge Company
- Fansteel Inc.
- Vulcan Global Manufacturing Solutions
- Federal Flange
- Harvey Industries
- Smiths Tubular Systems-Laconia
- Accudyne Industries
- Turbine Engine Components Technologies Corporation
- Hhi Formtech Industries
- Earthquake Protection Systems
- Mueller Brass Forging Company
- Firth Rixson Forgings
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
-
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
-
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
-
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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