U.S. - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in the United States - 2023
Contents:
- Steel Stranded Wire Price in the United States (CIF) - 2023
- Steel Stranded Wire Price in the United States (FOB) - 2023
- Steel Stranded Wire Imports in the United States
- Steel Stranded Wire Exports in the United States
Steel Stranded Wire Price in the United States (CIF) - 2023
In September 2023, the average steel stranded wire import price amounted to $2,091 per ton, which is down by -6.9% against the previous month. Over the period under review, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 11% month-to-month. As a result, import price reached the peak level of $2,711 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($3,460 per ton), while the price for Malaysia ($1,083 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 Mexico (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Steel Stranded Wire Price in the United States (FOB) - 2023
The average steel stranded wire export price stood at $6,350 per ton in September 2023, with a decrease of -3.6% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 20% m-o-m. As a result, the export price reached the peak level of $7,490 per ton. From July 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Jordan ($25,742 per ton), while the average price for exports to China ($3,325 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.
Steel Stranded Wire Imports in the United States
Steel stranded wire imports into the United States surged to 573K tons in 2022, growing by 22% compared with 2021 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel stranded wire imports soared to $1.5B in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +98.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel Stranded Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 154 | 91.4 | 163 | 221 | 12.8% |
| China | 223 | 136 | 180 | 217 | -0.9% |
| South Korea | 96.5 | 63.2 | 86.6 | 144 | 14.3% |
| Thailand | 37.2 | 48.9 | 74.2 | 132 | 52.5% |
| Mexico | 42.4 | 30.7 | 42.5 | 105 | 35.3% |
| Malaysia | 46.5 | 23.5 | 28.6 | 71.8 | 15.6% |
| Portugal | 18.3 | 25.7 | 43.0 | 68.1 | 55.0% |
| Indonesia | 35.8 | 19.9 | 31.0 | 48.7 | 10.8% |
| Romania | 16.0 | 17.5 | 31.6 | 47.6 | 43.8% |
| Spain | 37.5 | 27.2 | 27.0 | 34.1 | -3.1% |
| Turkey | 30.4 | 15.3 | 12.8 | 32.4 | 2.1% |
| Hungary | 0.1 | 1.5 | 12.8 | 30.7 | 574.6% |
| India | 9.7 | 8.5 | 12.9 | 30.1 | 45.9% |
| Others | 287 | 228 | 234 | 282 | -0.6% |
| Total | 1,035 | 737 | 981 | 1,464 | 12.3% |
Top Suppliers of Steel Stranded Wire to the United States in 2022:
- Vietnam (111.4K tons)
- China (93.4K tons)
- Thailand (61.5K tons)
- Malaysia (44.4K tons)
- South Korea (40.7K tons)
- Portugal (35.3K tons)
- Indonesia (23.8K tons)
- Mexico (21.9K tons)
- Hungary (17.6K tons)
- Spain (16.0K tons)
- Turkey (14.9K tons)
- Romania (14.1K tons)
- India (10.8K tons)
Steel Stranded Wire Exports in the United States
In 2022, the amount of iron or steel stranded wire, ropes and cables exported from the United States expanded rapidly to 53K tons, surging by 7.6% against the previous year. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 14%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, steel stranded wire exports skyrocketed to $332M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel Stranded Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 87.7 | 81.0 | 104 | 135 | 15.5% |
| Mexico | 42.0 | 35.0 | 37.6 | 44.2 | 1.7% |
| China | 12.8 | 9.9 | 13.6 | 14.7 | 4.7% |
| Guyana | 1.8 | 1.1 | 2.1 | 12.3 | 89.8% |
| Chile | 3.1 | 2.4 | 4.5 | 10.1 | 48.2% |
| Colombia | 2.4 | 1.9 | 2.5 | 10.0 | 60.9% |
| South Africa | 5.4 | 3.9 | 3.9 | 7.6 | 12.1% |
| Brazil | 6.0 | 4.6 | 2.5 | 6.2 | 1.1% |
| Peru | 5.2 | 1.6 | 5.9 | 6.2 | 6.0% |
| Costa Rica | 6.8 | 6.6 | 4.8 | 4.8 | -11.0% |
| Others | 90.1 | 70.7 | 71.0 | 80.4 | -3.7% |
| Total | 263 | 219 | 252 | 332 | 8.1% |
Top Export Markets for Steel Stranded Wire from the United States in 2022:
- Canada (27.8K tons)
- Mexico (6.0K tons)
- China (3.0K tons)
- Guyana (1.7K tons)
- Chile (1.6K tons)
- Colombia (1.6K tons)
- South Africa (1.2K tons)
- Peru (1.0K tons)
- Brazil (0.8K tons)
- Costa Rica (0.6K tons)
This report provides an in-depth analysis of the steel stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
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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In value terms, stranded wire imports surged to $173M in March 2023.
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Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
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Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
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Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
953
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
291
In value terms, stranded wire imports surged to $173M in March 2023.
137
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
230
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
895
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
953
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
