Northern America: Overview of the Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2021

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

Exports in Northern America

Hot-rolled wire stainless steel rod exports shrank sharply to X tonnes in 2019, dropping by -X% compared with the previous year. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports reduced markedly to $X in 2019. Over the period under review, exports showed a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, the U.S. (X tonnes) was the largest exporter of hot-rolled wire rod in coil of stainless steel, mixing up X% of total exports. It was distantly followed by Canada (X tonnes), committing a X% share of total exports.

From 2007 to 2019, average annual rates of growth with regard to hot-rolled wire stainless steel rod exports from the U.S. stood at -X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Canada increased by +X% percentage points, while the U.S. (-X p.p.) saw their share reduced.

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

From 2007 to 2019, the average annual growth rate of value in the U.S. amounted to -X%.

Export Prices by Country

In 2019, the export price for hot-rolled wire rod in coil of stainless steel in Northern America amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while Canada totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

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

Imports in Northern America

In 2019, purchases abroad of hot-rolled wire rod in coil of stainless steel decreased by -X% to X tonnes, falling for the second year in a row after five years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod imports dropped sharply to $X in 2019. Overall, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

The U.S. prevails in hot-rolled wire stainless steel rod imports structure, finishing at X tonnes, which was approx. X% of total imports in 2019. It was distantly followed by Canada (X tonnes), making up an X% share of total imports.

The U.S. 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 2007 to 2019. Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

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

From 2007 to 2019, the average annual growth rate of value in the U.S. was relatively modest.

Import Prices by Country

The import price for hot-rolled wire rod in coil of stainless steel in Northern America stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in Northern America?

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The country with the largest volume of hot-rolled wire stainless steel rod consumption was the U.S. (29K tonnes), comprising approx. 93% of total volume. Moreover, hot-rolled wire stainless steel rod consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (2.3K tonnes), more than tenfold.

What are the leading exporters of hot-rolled wire rod in coil of stainless steel in Northern America?

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In value terms, the U.S. ($15M) remains the largest hot-rolled wire stainless steel rod supplier in Northern America, comprising 82% of total exports. The second position in the ranking was occupied by Canada ($3.3M), with a 18% share of total exports.

What are the leading importers of hot-rolled wire rod in coil of stainless steel in Northern America?

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In value terms, the U.S. ($114M) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Northern America, comprising 91% of total imports. The second position in the ranking was occupied by Canada ($12M), with a 9.2% share of total imports.

What is the average export price for hot-rolled wire rod in coil of stainless steel in Northern America?

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In 2019, the export price for hot-rolled wire rod in coil of stainless steel in Northern America amounted to $4,526 per tonne, picking up by 59% against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in Northern America?

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In 2019, the import price for hot-rolled wire rod in coil of stainless steel in Northern America amounted to $3,538 per tonne, increasing by 15% against the previous year.