U.S. Iron And Steel Pipe And Tube Market. Analysis And Forecast to 2030
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View PricingPrice for Iron and Steel Pipe in the United States - 2023
Contents:
- Price for Iron and Steel Pipe in the United States (CIF) - 2023
- Price for Iron and Steel Pipe in the United States (FOB) - 2022
- Imports of Iron and Steel Pipe in the United States
- Exports of Iron and Steel Pipe in the United States
Price for Iron and Steel Pipe in the United States (CIF) - 2023
The average iron and steel pipe import price stood at $2,353 per ton in August 2023, reducing by -24.6% against the previous month. Overall, the import price saw a perceptible decline. The pace of growth was the most pronounced in July 2023 an increase of 18% m-o-m. The import price peaked at $3,680 per ton in August 2022; however, from September 2022 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 ($3,672 per ton), while the price for Vietnam totaled $1,233 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (-0.1%), while the prices for the other major suppliers experienced a decline.
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Price for Iron and Steel Pipe in the United States (FOB) - 2022
In 2021, the average iron and steel pipe export price amounted to $4,073 per ton, jumping by 45% against the previous year. In general, the export price showed a resilient increase. The growth pace was the most rapid in 2019 an increase of 159% against the previous year. As a result, the export price attained the peak level of $6,481 per ton. From 2020 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($11,044 per ton), while the average price for exports to Barbados ($1,891 per ton) was amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Steel Pipe in the United States
In 2022, after three years of growth, there was significant decline in purchases abroad of iron and steel pipes and tubes, when their volume decreased by -20.1% to 6.5K tons. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 230% against the previous year. As a result, imports reached the peak of 8.2K tons, and then contracted markedly in the following year.
In value terms, iron and steel pipe imports rose notably to $17M in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 580%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Iron and Steel Pipe in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 0.3 | 8.9 | 9.5 | 462.7% |
| Canada | N/A | N/A | 0.1 | 4.2 | 4100.0% |
| Vietnam | 0.3 | 1.6 | 6.2 | 2.0 | 88.2% |
| China | 0.8 | 0.4 | 0.5 | 1.3 | 17.6% |
| South Korea | N/A | N/A | N/A | 0.3 | 0% |
| Germany | 0.6 | 0.1 | N/A | 0.1 | -45.0% |
| Netherlands | 1.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.1 | 2.3 | 15.9 | 17.4 | 77.7% |
Top Suppliers of Iron and Steel Pipe to the United States in 2022:
- Mexico (2542.1 tons)
- Canada (1541.1 tons)
- Vietnam (1439.2 tons)
- China (859.6 tons)
- South Korea (140.3 tons)
- Germany (20.1 tons)
- Netherlands (1.1 tons)
Exports of Iron and Steel Pipe in the United States
For the third consecutive year, the United States recorded growth in shipments abroad of iron and steel pipes and tubes, which increased by 40% to 399 tons in 2021. In general, total exports indicated a significant expansion from 2019 to 2021: its volume increased at an average annual rate of +30.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron and steel pipe exports soared to $1.6M in 2021. Overall, exports enjoyed moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron and Steel Pipe in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Honduras | 276 | 4.3 | 455 | 28.4% | |
| Uruguay | N/A | 12.5 | 275 | 2100.0% | |
| Israel | N/A | N/A | 261 | 0% | |
| Mexico | 497 | 557 | 211 | -34.8% | |
| Costa Rica | 535 | 58.0 | 181 | -41.8% | |
| Ireland | N/A | N/A | 158 | 0% | |
| Barbados | N/A | N/A | 30.7 | 0% | |
| Colombia | 58.1 | N/A | 3.6 | -75.1% | |
| Panama | 72.4 | N/A | N/A | 0% | |
| Jamaica | N/A | 32.8 | N/A | 0% | |
| Others | 78.9 | 135 | 50.1 | -20.3% | |
| Total | 1,518 | 799 | 1,625 | 3.5% | |
Top Export Markets for Iron and Steel Pipe from the United States in 2022:
- Honduras (85.1 tons)
- Ireland (83.7 tons)
- Mexico (74.0 tons)
- Costa Rica (63.1 tons)
- Israel (37.2 tons)
- Uruguay (24.9 tons)
- Barbados (16.2 tons)
- Colombia (1.9 tons)
This report provides an in-depth analysis of the market for iron and steel pipe 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 331210 - Iron and steel pipe and tube manufacturing from purchased steel
- NAICS 331110B - Steel pipes and tubes, made in steel mills producing semifinished shapes or plate
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
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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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The value of imports for Iron And Steel Pipe significantly decreased to $1.5M in August 2023.
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In February of 2023, the price of iron and steel pipes per ton (CIF, US) was $2,940, a decrease of -5.5% compared to the previous month.
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In August 2022, the steel wire price per ton amounted to $2.0K (CIF, US), stabilizing at the previous month.
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The steel wire market decreased to X million USD in 2015, which was X million USD (or X%) less than the year before.
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