
U.S. - Railway Material of Steel - Market Analysis, Forecast, Size, Trends and Insights
U.S.: Steel Railway Material Market 2022
Steel Railway Material Market Size in the U.S.
The U.S. steel railway material market contracted modestly to $X in 2021, stabilizing at the previous year. Overall, consumption recorded a perceptible setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.
Steel Railway Material Production in the U.S.
In value terms, steel railway material production expanded slightly to $X in 2021. Overall, production, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.8%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.
Steel Railway Material Exports
Exports from the U.S.
In 2021, after two years of decline, there was significant growth in shipments abroad of railway material of steel, when their volume increased by 28% to X tons. Over the period under review, exports, however, showed a noticeable descent. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
In value terms, steel railway material exports surged to $X in 2021. In general, exports, however, showed a perceptible contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
Exports by Country
Canada (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of steel railway material exports from the United States, together accounting for 97% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +2.1%), while the other leaders experienced a decline.
In value terms, Canada ($X) remains the key foreign market for steel railway material exports from the United States, comprising 63% of total exports. The second position in the ranking was taken by Mexico ($X), with a 31% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-2.9% per year) and Brazil (-33.9% per year).
Export Prices by Country
In 2021, the average steel railway material export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 8.4% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.
Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.
Steel Railway Material Imports
Imports into the U.S.
For the sixth year in a row, the United States recorded decline in purchases abroad of railway material of steel, which decreased by -9.7% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 10%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.
In value terms, steel railway material imports shrank modestly to $X in 2021. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 3.1% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
Japan (X tons), Canada (X tons) and China (X tons) were the main suppliers of steel railway material imports to the United States, together comprising 74% of total imports. These countries were followed by the Czech Republic, India, Australia, Luxembourg and Italy, which together accounted for a further 19%.
From 2012 to 2021, the biggest increases were in India (with a CAGR of +5.7%), while purchases for the other leaders experienced a decline.
In value terms, Japan ($X), China ($X) and India ($X) appeared to be the largest steel railway material suppliers to the United States, with a combined 56% share of total imports.
India, with a CAGR of +5.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In 2021, the average steel railway material import price amounted to $X per ton, with an increase of 6.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the steel railway material market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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