Report Update: May 1, 2024

U.S. - Welded And Cold-Formed Sections Of Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Welded and Cold-Formed Steel Sections in the United States - 2023

Price for Welded and Cold-Formed Steel Sections in the United States (FOB) - 2022
Price for Welded and Cold-Formed Steel Sections in the United States (CIF) - 2023
Exports of Welded and Cold-Formed Steel Sections in the United States
Imports of Welded and Cold-Formed Steel Sections in the United States

Price for Welded and Cold-Formed Steel Sections in the United States (FOB) - 2022

In 2022, the average export price for welded and cold-formed sections of steel amounted to $3,455 per ton, falling by -9.7% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $5,280 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($12,125 per ton), while the average price for exports to India ($1,760 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Welded and Cold-Formed Steel Sections in the United States (CIF) - 2023

In September 2023, the average import price for welded and cold-formed sections of steel amounted to $3,610 per ton, which is down by -7.1% against the previous month. Overall, the import price showed a perceptible setback. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 64% m-o-m. As a result, import price attained the peak level of $6,416 per ton. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($10,999 per ton), while the price for Thailand ($1,223 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+115.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Welded and Cold-Formed Steel Sections in the United States

Welded and cold-formed steel sections exports from the United States surged to 13K tons in 2022, with an increase of 20% on 2021 figures. The total export volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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, welded and cold-formed steel sections exports rose markedly to $43M in 2022. Overall, exports continue to indicate a slight expansion.

Export of Welded and Cold-Formed Steel Sections in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	13.6	8.7	15.5	13.3	-0.7%
Netherlands	4.1	12.7	6.3	6.1	14.2%
Mexico	2.1	0.6	0.8	3.1	13.9%
India	0.7	0.9	2.4	2.6	54.9%
Singapore	1.1	3.0	0.4	1.8	17.8%
Australia	1.7	1.3	0.5	1.6	-2.0%
United Kingdom	1.7	1.6	2.1	1.4	-6.3%
China	1.7	1.4	1.3	1.3	-8.6%
Taiwan (Chinese)	0.8	0.8	0.5	0.8	0.0%
France	0.8	0.8	0.8	0.7	-4.4%
Chile	0.3	0.2	0.4	0.4	10.1%
Saint Kitts and Nevis	1.8	0.6	0.3	0.3	-45.0%
Costa Rica	0.6	0.6	0.2	0.2	-30.7%
Others	11.1	10.3	8.4	9.9	-3.7%
Total	42.0	43.5	39.9	43.3	1.0%

Top Export Markets for Welded and Cold-Formed Steel Sections from the United States in 2022:

Canada (4046.3 tons)
Mexico (1575.0 tons)
India (1476.1 tons)
Netherlands (505.0 tons)
Singapore (462.5 tons)
China (430.2 tons)
Taiwan (Chinese) (393.2 tons)
France (382.7 tons)
United Kingdom (363.1 tons)
Chile (199.0 tons)
Australia (159.6 tons)
Saint Kitts and Nevis (124.2 tons)
Costa Rica (113.6 tons)

Imports of Welded and Cold-Formed Steel Sections in the United States

In 2022, approx. 5.2K tons of welded and cold-formed sections of steel were imported into the United States; with an increase of 31% compared with the previous year. In general, imports, however, continue to indicate a abrupt decline.

In value terms, welded and cold-formed steel sections imports soared to $22M in 2022. Overall, imports, however, showed a abrupt decrease.

Import of Welded and Cold-Formed Steel Sections in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.3	5.6	7.2	10.0	2.4%
Canada	1.2	1.4	1.5	2.7	31.0%
India	14.0	1.5	1.7	2.4	-44.4%
United Kingdom	0.7	0.3	1.3	1.7	34.4%
Spain	1.9	1.1	1.3	1.3	-11.9%
Vietnam	0.1	0.4	0.4	1.0	115.4%
Italy	0.7	0.4	0.7	0.7	0.0%
Taiwan (Chinese)	3.4	0.8	0.5	0.3	-55.5%
Others	3.9	2.8	3.1	2.2	-17.4%
Total	35.2	14.2	17.7	22.2	-14.2%

Top Suppliers of Welded and Cold-Formed Steel Sections to the United States in 2022:

China (2814.5 tons)
India (894.5 tons)
Vietnam (577.4 tons)
Canada (359.8 tons)
United Kingdom (151.6 tons)
Italy (88.7 tons)
Spain (52.5 tons)
Taiwan (Chinese) (27.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for welded and cold-formed steel sections 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 24107420 - Welded and cold-formed sections (of steel)
Prodcom 2410T260 - Welded sections

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023