Northern America: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Northern America

In 2023, shipments abroad of hot-rolled wire rod in coil of stainless steel increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Canada (X tons), creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to hot-rolled wire stainless steel rod exports from the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest hot-rolled wire stainless steel rod supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, jumping by X% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Northern America

In 2023, after two years of growth, there was significant decline in overseas purchases of hot-rolled wire rod in coil of stainless steel, when their volume decreased by X% to X tons. Total imports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod imports reduced dramatically to $X in 2023. In general, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell notably in the following year.

Imports by Country

The United States dominates imports structure, finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Canada (X tons), creating a X% share of total imports.

The United States was also the fastest-growing in terms of the hot-rolled wire rod in coil of stainless steel imports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States stood at X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled wire stainless steel rod import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

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Source: IndexBox Platform