U.S.: Office Metal Staple Market 2024

Office Metal Staple Market Size in the U.S.

In 2022, the U.S. office metal staple market increased by 23% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a prominent expansion. Office metal staple consumption peaked in 2022 and is likely to continue growth in years to come.

Office Metal Staple Production in the U.S.

In value terms, office metal staple production soared to $X in 2022. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. Office metal staple production peaked in 2022 and is expected to retain growth in the near future.

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Office Metal Staple Exports

Exports from the U.S.

In 2022, office metal staple exports from the United States plummeted to X tons, waning by -18.5% against 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, office metal staple exports reduced modestly to $X in 2022. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and New Zealand (X tons) were the main destinations of office metal staple exports from the United States, together comprising 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +51.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for office metal staple exported from the United States were Mexico ($X), Canada ($X) and New Zealand ($X), with a combined 83% share of total exports.

New Zealand, with a CAGR of +49.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average office metal staple export price stood at $X per ton in 2022, rising by 23% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office metal staple export price increased by +48.7% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($X 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 Mexico (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Office Metal Staple Imports

Imports into the U.S.

Office metal staple imports into the United States contracted modestly to X tons in 2022, approximately mirroring 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, office metal staple imports surged to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Vietnam (X tons) and South Korea (X tons) were the main suppliers of office metal staple imports to the United States, together accounting for 50% of total imports. Thailand, Oman, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +290.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest office metal staple suppliers to the United States were China ($X), South Korea ($X) and Vietnam ($X), together accounting for 45% of total imports. Taiwan (Chinese), Thailand, Oman and Malaysia lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Thailand, with a CAGR of +167.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average office metal staple import price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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