May 28, 2019

U.S. Iron And Steel Forging Market. Analysis And Forecast to 2025

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U.S.: Overview of the Market for Iron And Steel Forging 2019

Market Size for Iron And Steel Forging in the USA

The revenue of the iron and steel forging market in the U.S. amounted to $X in 2018, shrinking by -X% against the previous year. In general, iron and steel forging consumption continues to indicate an abrupt descent. The growth pace was the most rapid in 2014, when market value increased by -X% y-o-y. The iron and steel forging consumption peaked of $X in 2013; however, from 2014 to 2018, it stood at a somewhat lower level.

Production of Iron And Steel Forging in the USA

In value terms, iron and steel forging production stood at $X in 2018. In general, iron and steel forging production continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2014, with an increase of -X% against the previous year. Over the period under review, the iron and steel forging production reached its maximum level of $X in 2013; however, from 2014 to 2018, it failed to regain its momentum.

Exports of Iron And Steel Forging

Exports from the USA

In 2018, exports of iron and steel forging from the U.S. amounted to X tonnes, falling by -X% against the previous year. In general, iron and steel forging exports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2016, when exports increased by X% y-o-y. Over the period under review, the iron and steel forging exports reached its peak figure volume of X tonnes in 2013; however, from 2014 to 2018, it failed to regain its momentum.

In value terms, iron and steel forging exports totaled $X in 2018. Overall, iron and steel forging exports continue to indicate an abrupt deduction. Over the period under review, the iron and steel forging exports reached its maximum level of $X in 2013; however, from 2014 to 2018, it stood at a somewhat lower level.

Exports by Country

The Netherlands (X tonnes) was the main destination of iron and steel forging exports from the U.S., accounting for X% share of total exports. Moreover, iron and steel forging exports to the Netherlands exceeded the volume sent to the second major destination, Panama (X tonnes), threefold. The third position in this ranking was occupied by the Philippines (X tonnes), with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+X% per year) and the Philippines (+X% per year).

In value terms, France ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for iron and steel forging exported from the U.S. worldwide, with a combined X% share of total exports. Argentina, Panama, the UK, Brazil, New Zealand, the Dominican Republic, Belgium, the Philippines and Spain lagged somewhat behind, together comprising a further X%.

The Philippines (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last five year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average iron and steel forging export price amounted to $X per kg, rising by X% against the previous year. In general, iron and steel forging export price continues to indicate a deep decline. The most prominent rate of growth was recorded in 2018, an increase of X% year-to-year. The export price peaked of $X per kg in 2013; however, from 2014 to 2018, it stood at a somewhat lower level.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was France ($X per kg), while average price for exports to the Philippines ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Argentina (+X% per year), the export prices for the other major destinations experienced more modest paces of growth.

Imports of Iron And Steel Forging

Imports into the USA

In 2018, approx. X tonnes of iron and steel forging were imported into the U.S.; dropping by -X% against the previous year. Overall, iron and steel forging imports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year. The imports peaked of X tonnes in 2017, and then declined slightly in the following year.

In value terms, iron and steel forging imports totaled $X in 2018. Overall, the total imports indicated a prominent expansion from 2013 to 2018: its value increased at an average annual rate of +X% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2018 figures, the iron and steel forging imports increased by +X% against 2014 indices. In that year, the iron and steel forging imports reached their peak level of $X, and then declined slightly in the following year.

Imports by Country

In 2018, India (X tonnes) constituted the largest iron and steel forging supplier to the U.S., with a X% share of total imports. Moreover, iron and steel forging imports from India exceeded the figures recorded by the second largest supplier, South Korea (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and China (+X% per year).

In value terms, Germany ($X), India ($X) and South Korea ($X) appeared to be the largest iron and steel forging suppliers to the U.S., with a combined X% share of total imports.

Germany (+X% per year) recorded the highest growth rate of imports, in terms of the main suppliers over the last five year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron and steel forging import price stood at $X per kg in 2018, surging by X% against the previous year. Overall, iron and steel forging import price continues to indicate an abrupt curtailment. The growth pace was the most rapid in 2017, an increase of X% against the previous year. The import price peaked of $X per kg in 2015; however, from 2016 to 2018, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Taiwan, Chinese ($X per kg), while price for India ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Taiwan, Chinese (+X% per year), the import prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Product coverage:

Hot impression die impact, press, and upset steel forgings; Cold impression die impact, press, and upset steel forgings; Seamless rolled ring forgings, ferrous, made from purchased iron and steel; Open die and smith forgings (hammer and press), ferrous, made from purchased iron and steel


The report provides on an in-depth study of the U.S. iron and steel forging market. It depicts the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the largest players in the industry.


Countries coverage: the U.S.


Companies mentioned:

Fairfield Manufacturing Company,

Scot Forge Company,

Joy Global Surface Mining Inc.,

Ameriforge Group,

Wyman-Gordon Forgings,

Rockford Products,

Impact Forge Group,

Canton Drop Forge,

Sypris Technologies,

GKN Driveline Newton,

Park-Ohio Holdings Corp.,

Ellwood Texas Forge Navasota,

The Crosby Group,

Ameriforge Corporation,

ATI Ladish, Colfor Manufacturing,

Form Hhi Tech,

Park-Ohio Industries,

A T I Funding Corporation,

Geneve Holdings,

North American Hoganas Holdings,

Cordier Group Holdings,

Tdy Holdings,

PSEG Nuclear ,

Hephaestus Holdings,

Ieh FM Holdings ,

ATI Titanium,

M P I International,

Handy & Harman Group,

ATI Operating Holdings,

Federal-Mogul Holdings Corporation


Data coverage:

• Iron and steel forging market size;

• Iron and steel forging production, value of shipments;

• Key market players and their profiles;

• Exports, imports and trade balance;

• Import and export prices;

• Forecast of the market dynamics in the medium term;

• Key industry statistics;

• Life cycle of the iron and steel forging industry;

• Number of establishments and their locations;

• Employment data;

• Iron and steel forging industry productivity.


Reasons to buy this report:

• Take advantage of the latest data;

• Find deeper insights into current market developments;

• Discover vital success factors affecting the market.


This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.


In this report, you can find information that helps you to make informed decisions on the following issues


1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion


While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2013–2018
Table 3:
Market Value, 2013–2018
Table 4:
Per Capita Consumption In 2013–2018
Table 5:
Imports, In Physical Terms, By Country, 2013–2018
Table 6:
Imports, In Value Terms, By Country, 2013–2018
Table 7:
Import Prices, By Country Of Origin, 2013–2018
Table 8:
Exports, In Physical Terms, By Country, 2013–2018
Table 9:
Exports, In Value Terms, By Country, 2013–2018
Table 10:
Export Prices, By Country Of Destination, 2013–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2018
Figure 2:
Market Value, 2013–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2018
Figure 5:
Trade Balance, In Physical Terms, 2013–2018
Figure 6:
Trade Balance, In Value Terms, 2013–2018
Figure 7:
Per Capita Consumption, 2013–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2018
Figure 21:
Production, In Value Terms, 2013–2018
Figure 22:
Imports, In Physical Terms, 2013–2018
Figure 23:
Imports, In Value Terms, 2013–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2013–2018
Figure 26:
Imports, In Value Terms, By Country, 2013–2018
Figure 27:
Import Prices, By Country Of Origin, 2013–2018
Figure 28:
Exports, In Physical Terms, 2013–2018
Figure 29:
Exports, In Value Terms, 2013–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2013–2018
Figure 32:
Exports, In Value Terms, By Country, 2013–2018
Figure 33:
Export Prices, By Country Of Destination, 2013–2018
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