U.S.: Prefabricated Buildings Market 2022

Prefabricated Buildings Market Size in the U.S.

In 2021, the U.S. prefabricated buildings market increased by 1.7% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Prefabricated Buildings Production in the U.S.

In value terms, prefabricated buildings production amounted to $X in 2021. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of 15%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Prefabricated Buildings Exports

Exports from the U.S.

In 2021, approx. X units of prefabricated buildings were exported from the United States; picking up by 30% on 2020. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 57%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, prefabricated buildings exports soared to $X in 2021. Overall, exports, however, showed a abrupt decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for prefabricated buildings exports from the United States, accounting for a 69% share of total exports. Moreover, prefabricated buildings exports to Canada exceeded the volume sent to the second major destination, Chile (X units), more than tenfold. The third position in this ranking was taken by Malaysia (X units), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-5.9% per year) and Malaysia (+21.6% per year).

In value terms, Canada ($X) remains the key foreign market for prefabricated buildings exports from the United States, comprising 58% of total exports. The second position in the ranking was taken by Mexico ($X), with an 8.9% share of total exports. It was followed by Chile, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.2% per year) and Chile (-9.2% per year).

Export Prices by Country

In 2021, the average prefabricated buildings export price amounted to $X per unit, falling by -9.1% against the previous year. In general, the export price, however, showed notable growth. The growth pace was the most rapid in 2014 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+69.5%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into the U.S.

Prefabricated buildings imports into the United States surged to X units in 2021, rising by 37% compared with the year before. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.4% 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 +121.0% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X units) constituted the largest prefabricated buildings supplier to the United States, with a 46% share of total imports. Moreover, prefabricated buildings imports from Canada exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Mexico (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.5% per year) and Mexico (+6.3% per year).

In value terms, Canada ($X) constituted the largest supplier of prefabricated buildings to the United States, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Israel, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.4% per year) and Israel (+13.7% per year).

Import Prices by Country

In 2021, the average prefabricated buildings import price amounted to $X per unit, declining by -2.1% against the previous year. Overall, the import price saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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