U.S. - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron and Steel Wire in the United States - 2023
Contents:
- Price for Iron and Steel Wire in the United States (CIF) - 2023
- Price for Iron and Steel Wire in the United States (FOB) - 2023
- Imports of Iron and Steel Wire in the United States
- Exports of Iron and Steel Wire in the United States
Price for Iron and Steel Wire in the United States (CIF) - 2023
In October 2023, the average iron and steel wire import price amounted to $1,745 per ton, with an increase of 3.3% against the previous month. Over the period under review, the import price, however, continues to indicate a mild slump. The growth pace was the most rapid in January 2023 an increase of 9.9% m-o-m. Over the period under review, average import prices reached the maximum at $2,110 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($3,362 per ton), while the price for Vietnam ($1,091 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Iron and Steel Wire in the United States (FOB) - 2023
In October 2023, the average iron and steel wire export price amounted to $4,671 per ton, growing by 3.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 26% month-to-month. Over the period under review, the average export prices attained the maximum in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($27,363 per ton), while the average price for exports to Canada ($2,482 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Steel Wire in the United States
In 2022, the amount of iron and steel wire imported into the United States declined to 699K tons, with a decrease of -5.6% on the previous year's figure. The total import 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 recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 740K tons, and then dropped in the following year.
In value terms, iron and steel wire imports surged to $1.4B in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +78.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Iron and Steel Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 136 | 166 | 229 | 300 | 30.2% |
| Canada | 168 | 179 | 277 | 283 | 19.0% |
| China | 170 | 99.1 | 142 | 161 | -1.8% |
| South Korea | 104 | 79.0 | 94.5 | 125 | 6.3% |
| India | 59.0 | 43.2 | 82.0 | 121 | 27.1% |
| Japan | 98.6 | 62.2 | 82.7 | 81.4 | -6.2% |
| Germany | 47.4 | 37.3 | 50.8 | 73.9 | 16.0% |
| Vietnam | 28.4 | 26.7 | 48.4 | 60.1 | 28.4% |
| Italy | 33.0 | 21.2 | 30.7 | 43.2 | 9.4% |
| Others | 121 | 81.1 | 135 | 173 | 12.7% |
| Total | 965 | 795 | 1,172 | 1,422 | 13.8% |
Top Suppliers of Iron and Steel Wire to the United States in 2022:
- Mexico (225.5K tons)
- Canada (129.9K tons)
- China (105.2K tons)
- South Korea (37.2K tons)
- Vietnam (36.9K tons)
- India (31.0K tons)
- Japan (28.6K tons)
- Germany (26.4K tons)
- Italy (15.2K tons)
Exports of Iron and Steel Wire in the United States
In 2022, iron and steel wire exports from the United States expanded significantly to 100K tons, surging by 7.4% on 2021 figures. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 11%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, iron and steel wire exports soared to $409M in 2022. The total export value increased at an average annual rate of +8.4% 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 22%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Iron and Steel Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 131 | 106 | 121 | 138 | 1.8% |
| Canada | 73.6 | 71.1 | 94.9 | 110 | 14.3% |
| China | 12.0 | 15.2 | 14.7 | 16.4 | 11.0% |
| Brazil | 5.2 | 10.7 | 9.8 | 15.4 | 43.6% |
| United Kingdom | 5.1 | 5.8 | 9.9 | 10.5 | 27.2% |
| Belgium | 3.4 | 1.5 | 1.7 | 2.3 | -12.2% |
| Taiwan (Chinese) | 2.9 | 2.5 | 3.0 | 2.2 | -8.8% |
| Others | 88.8 | 76.1 | 97.5 | 114 | 8.7% |
| Total | 322 | 289 | 352 | 409 | 8.3% |
Top Export Markets for Iron and Steel Wire from the United States in 2022:
- Canada (39.0K tons)
- Mexico (36.8K tons)
- Brazil (4.5K tons)
- United Kingdom (3.4K tons)
- Belgium (1.6K tons)
- China (1.4K tons)
- Taiwan (Chinese) (1.3K tons)
This report provides an in-depth analysis of the market for iron and steel wire 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 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless 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
-
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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This report provides an in-depth analysis of the market for iron and steel wire in the U.S..
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This report provides an in-depth analysis of the market for iron and steel wire in the U.S..
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This report provides an in-depth analysis of the global market for iron and steel wire.
1923
This report provides an in-depth analysis of the global market for iron and steel wire.
343
This report provides an in-depth analysis of the market for iron and steel wire in the U.S..
484
This report provides an in-depth analysis of the market for iron and steel wire in the U.S..
509
This report provides an in-depth analysis of the global market for iron and steel wire.
1923
This report provides an in-depth analysis of the global market for iron and steel wire.
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Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
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In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1489
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
985
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1207
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
654
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
910
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3507
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
737
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
