U.S. - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Deformed Non-Alloy Steel Wire Rod in the United States - 2023
Contents:
- Price for Deformed Non-Alloy Steel Wire Rod in the United States (FOB) - 2023
- Price for Deformed Non-Alloy Steel Wire Rod in the United States (CIF) - 2023
- Exports of Deformed Non-Alloy Steel Wire Rod in the United States
- Imports of Deformed Non-Alloy Steel Wire Rod in the United States
Price for Deformed Non-Alloy Steel Wire Rod in the United States (FOB) - 2023
In August 2023, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $807 per ton, falling by -14.1% against the previous month. Over the period under review, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 7.6% month-to-month. Over the period under review, the average export prices hit record highs at $988 per ton in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In August 2023, the highest price was recorded for prices to British Virgin Islands ($926 per ton) and Cayman Islands ($883 per ton), while the average price for exports to the Dominican Republic ($622 per ton) and Bahamas ($664 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to British Virgin Islands (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Deformed Non-Alloy Steel Wire Rod in the United States (CIF) - 2023
The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $755 per ton in August 2023, dropping by -6.3% against the previous month. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in June 2023 when the average import price increased by 26% month-to-month. The import price peaked at $956 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($881 per ton), while the price for Egypt amounted to $530 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Deformed Non-Alloy Steel Wire Rod in the United States
In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel exported from the United States surged to 49K tons, with an increase of 17% compared with the year before. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, deformed non-alloy steel wire rod exports surged to $44M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Deformed Non-Alloy Steel Wire Rod in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.3 | 11.5 | 17.7 | 17.8 | 41.4% |
| Dominican Republic | 19.4 | 15.1 | 8.0 | 16.3 | -5.6% |
| Bahamas | 4.9 | 3.0 | 4.6 | 4.3 | -4.3% |
| British Virgin Islands | 1.0 | 2.0 | 2.0 | 2.3 | 32.0% |
| Cayman Islands | 0.3 | 0.4 | 0.7 | 2.0 | 88.2% |
| Antigua and Barbuda | N/A | N/A | N/A | 0.8 | 0% |
| Turks and Caicos Islands | 0.2 | 0.1 | 0.4 | 0.5 | 35.7% |
| Others | 1.8 | 0.7 | 0.5 | 0.3 | -45.0% |
| Total | 33.8 | 32.8 | 33.8 | 44.4 | 9.5% |
Top Export Markets for Deformed Non-Alloy Steel Wire Rod from the United States in 2022:
- Canada (19.5K tons)
- Dominican Republic (17.0K tons)
- Bahamas (5.6K tons)
- Cayman Islands (2.3K tons)
- British Virgin Islands (2.3K tons)
- Turks and Caicos Islands (0.8K tons)
- Antigua and Barbuda (0.7K tons)
Imports of Deformed Non-Alloy Steel Wire Rod in the United States
Deformed non-alloy steel wire rod imports into the United States soared to 21K tons in 2022, with an increase of 59% against the year before. Over the period under review, imports, however, recorded a sharp setback. The pace of growth was the most pronounced in 2021 when imports increased by 182% against the previous year.
In value terms, deformed non-alloy steel wire rod imports skyrocketed to $20M in 2022. In general, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 357% against the previous year.
| Import of Deformed Non-Alloy Steel Wire Rod in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.5 | 0.2 | 0.8 | 7.0 | 141.0% |
| Mexico | 1.2 | 0.8 | 2.9 | 5.6 | 67.1% |
| Turkey | N/A | 0.2 | N/A | 3.9 | 341.6% |
| Dominican Republic | N/A | N/A | 1.4 | 2.1 | 50.0% |
| Canada | 1.3 | N/A | 0.4 | 0.8 | -14.9% |
| Bulgaria | 3.6 | N/A | N/A | N/A | 0% |
| Spain | 8.4 | 0.6 | N/A | N/A | -92.9% |
| South Korea | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Vietnam | N/A | N/A | 2.3 | N/A | 0% |
| Russia | 6.6 | 0.2 | 2.6 | N/A | -37.2% |
| Italy | 5.9 | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | N/A | 0.1 | -37.0% |
| Total | 28.5 | 2.3 | 10.5 | 19.6 | -11.7% |
Top Suppliers of Deformed Non-Alloy Steel Wire Rod to the United States in 2022:
- Brazil (7.8K tons)
- Turkey (5.4K tons)
- Mexico (5.0K tons)
- Dominican Republic (2.4K tons)
- Canada (0.8K tons)
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
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
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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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