U.S. - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in the United States - 2024
Contents:
- Price for Hot-Rolled Wire Rod in Coils in the United States (CIF) - 2024
- Price for Hot-Rolled Wire Rod in Coils in the United States (FOB) - 2024
- Imports of Hot-Rolled Wire Rod in Coils in the United States
- Exports of Hot-Rolled Wire Rod in Coils in the United States
Price for Hot-Rolled Wire Rod in Coils in the United States (CIF) - 2024
In February 2024, the average import price for hot-rolled wire rods in coils amounted to $976 per ton, approximately mirroring the previous month. Overall, the import price continues to indicate a mild contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 14% m-o-m. As a result, import price attained the peak level of $1,261 per ton. From April 2023 to February 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was France ($6,175 per ton), while the price for Egypt ($576 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in the United States (FOB) - 2024
The average export price for hot-rolled wire rods in coils stood at $1,275 per ton in February 2024, surging by 11% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 55% against the previous month. Over the period under review, the average export prices attained the maximum at $2,090 per ton in June 2023; however, from July 2023 to February 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($1,507 per ton), while the average price for exports to Bahamas ($719 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+2.0%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in the United States
Hot-rolled wire rod in coils imports into the United States surged to 1.3M tons in 2022, growing by 28% against 2021 figures. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 66%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hot-rolled wire rod in coils imports skyrocketed to $1.5B in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 113%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 165 | 160 | 280 | 303 | 22.5% |
| Japan | 135 | 68.4 | 90.8 | 154 | 4.5% |
| Mexico | 9.1 | 16.9 | 60.7 | 136 | 146.3% |
| Brazil | 86.5 | 55.7 | 81.3 | 127 | 13.7% |
| India | 6.2 | N/A | 28.1 | 111 | 161.6% |
| Malaysia | 24.4 | N/A | N/A | 87.6 | 53.1% |
| Germany | 79.8 | 41.8 | 55.3 | 81.7 | 0.8% |
| Algeria | N/A | N/A | 39.5 | 75.9 | 92.2% |
| France | 52.2 | 30.8 | 67.8 | 65.1 | 7.6% |
| United Kingdom | 28.9 | 13.9 | 38.6 | 53.5 | 22.8% |
| South Korea | 22.1 | 17.1 | 40.2 | 52.3 | 33.3% |
| Egypt | 26.0 | 3.2 | 97.3 | 51.9 | 25.9% |
| Spain | 17.3 | 7.0 | 12.9 | 18.4 | 2.1% |
| Others | 130 | 59.0 | 114 | 183 | 12.1% |
| Total | 781 | 474 | 1,007 | 1,501 | 24.3% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to the United States in 2022:
- Canada (242.3K tons)
- Mexico (143.7K tons)
- Japan (138.1K tons)
- India (135.4K tons)
- Malaysia (115.1K tons)
- Brazil (108.2K tons)
- Algeria (98.1K tons)
- Egypt (59.8K tons)
- Germany (56.8K tons)
- South Korea (52.1K tons)
- France (32.9K tons)
- United Kingdom (19.8K tons)
- Spain (11.3K tons)
Exports of Hot-Rolled Wire Rod in Coils in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of hot-rolled wire rods in coils, when their volume decreased by -7.7% to 93K tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.5%.
In value terms, hot-rolled wire rod in coils exports totaled $124M in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 30%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Hot-Rolled Wire Rod in Coils in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 36.4 | 46.6 | 71.6 | 66.2 | 22.1% |
| Mexico | 13.3 | 10.3 | 15.5 | 17.9 | 10.4% |
| Dominican Republic | 19.5 | 15.1 | 8.0 | 16.4 | -5.6% |
| Bahamas | 4.9 | 3.0 | 4.7 | 4.4 | -3.5% |
| British Virgin Islands | 1.0 | 2.0 | 2.0 | 2.5 | 35.7% |
| Cayman Islands | 0.3 | 0.5 | 0.7 | 2.1 | 91.3% |
| Others | 15.8 | 10.6 | 11.6 | 14.5 | -2.8% |
| Total | 91.1 | 88.2 | 114 | 124 | 10.8% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from the United States in 2022:
- Canada (49.3K tons)
- Dominican Republic (16.9K tons)
- Mexico (12.0K tons)
- Bahamas (5.6K tons)
- British Virgin Islands (2.4K tons)
- Cayman Islands (2.3K tons)
This report provides an in-depth analysis of the hot-rolled wire rod market in the USA. 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 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
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 USA
- 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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