Northern America: Iron Household Articles Market 2023

Iron Household Articles Exports

Exports in Northern America

In 2021, exports of table, kitchen or household articles and parts of iron in Northern America rose markedly to X tons, surging by 8.9% against 2020 figures. In general, exports, however, showed a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron household articles exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the largest exporter of table, kitchen or household articles and parts of iron in Northern America, with the volume of exports reaching X tons, which was near 88% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 12% share of total exports.

The United States was also the fastest-growing in terms of the table, kitchen or household articles and parts of iron exports, with a CAGR of -1.3% from 2012 to 2021. Canada (-1.8%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest iron household articles supplier in Northern America, comprising 89% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +3.2%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 3.6% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron household articles export price increased by +52.0% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 39% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

Iron Household Articles Imports

Imports in Northern America

Iron household articles imports surged to X tons in 2021, rising by 17% compared with 2020 figures. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, iron household articles imports surged to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was approx. 95% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 5% share of total imports.

The United States was also the fastest-growing in terms of the table, kitchen or household articles and parts of iron imports, with a CAGR of +9.0% from 2012 to 2021. At the same time, Canada (+3.8%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +2.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported table, kitchen or household articles and parts of iron in Northern America, comprising 92% of total imports. The second position in the ranking was taken by Canada ($X), with an 8.4% share of total imports.

In the United States, iron household articles imports expanded at an average annual rate of +6.1% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with an increase of 5% against the previous year. In general, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.4%).

Source: IndexBox Platform

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