U.S.: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in the U.S.

In 2020, the U.S. iron and steel wire market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in the U.S.

In value terms, iron and steel wire production reduced dramatically to $X in 2020. Overall, production continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Iron and steel wire production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from the U.S.

Iron and steel wire exports from the U.S. contracted to X tons in 2020, falling by -X% compared with the year before. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports reduced to $X in 2020. In general, exports saw a slight decrease. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of iron and steel wire exports from the U.S., together comprising X% of total exports. These countries were followed by Taiwan (Chinese), Pakistan, China and the UK, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan, while exports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for iron and steel wire exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by Brazil, the UK, Taiwan (Chinese) and Pakistan, which together accounted for a further X recorded 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 iron and steel wire export price stood at $X per ton in 2020, declining by -X% against the previous year. In general, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2016 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into the U.S.

In 2020, purchases abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the fourth year in a row after seven years of growth. Over the period under review, imports saw a slight setback. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports reduced to $X in 2020. Overall, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main suppliers of iron and steel wire imports to the U.S., together comprising X% of total imports. South Korea, Vietnam, Japan, India, Germany and Italy lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) appeared to be the largest iron and steel wire suppliers to the U.S., together accounting for X% of total imports. These countries were followed by South Korea, Japan, India, Germany, Vietnam and Italy, which together accounted for a further X terms of the main suppliers, Vietnam saw the highest growth rate of 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

The average iron and steel wire import price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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