U.S.: Market for Bolts, Nuts, Screws, Rivets And Washers 2024

Market Size for Bolts, Nuts, Screws, Rivets And Washers in the U.S.

After two years of growth, the U.S. market for bolts, nuts, screws, rivets and washers decreased by X% to $X in 2023. Over the period under review, the total consumption indicated tangible growth from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Bolts, Nuts, Screws, Rivets And Washers in the U.S.

In value terms, bolt, nut, screw and washer production contracted slightly to $X in 2023. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Bolt, nut, screw and washer production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

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Exports of Bolts, Nuts, Screws, Rivets And Washers

Exports from the U.S.

In 2023, shipments abroad of bolts, nuts, screws, rivets and washers was finally on the rise to reach X tons after five years of decline. The total export volume increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, bolt, nut, screw and washer exports totaled $X in 2023. The total export value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of bolt, nut, screw and washer exports from the United States, with a combined X% share of total exports.

From 2013 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for bolt, nut, screw and washer exported from the United States worldwide, together accounting for X% of total exports.

China, with a CAGR of X%, 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 export price for bolts, nuts, screws, rivets and washers stood at $X per ton in 2023, stabilizing at the previous year. Overall, export price indicated slight growth from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, bolt, nut, screw and washer export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bolts, Nuts, Screws, Rivets And Washers

Imports into the U.S.

In 2023, purchases abroad of bolts, nuts, screws, rivets and washers decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, bolt, nut, screw and washer imports fell notably to $X in 2023. Over the period under review, total imports indicated measured growth from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Japan (X tons) were the main suppliers of bolt, nut, screw and washer imports to the United States, together comprising X% of total imports. India, Canada, South Korea, Vietnam, Germany, Italy and Thailand lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Japan ($X) were the largest bolt, nut, screw and washer suppliers to the United States, with a combined X% share of total imports. Germany, Canada, South Korea, Italy, India, Vietnam and Thailand lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for bolts, nuts, screws, rivets and washers amounted to $X per ton, increasing by X% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform