U.S.: Overview of the Market for Iron And Steel Pipes And Tubes 2020

Market Size for Iron And Steel Pipes And Tubes in the U.S.

In 2019, the U.S. iron and steel pipe market decreased by -X% to $X, falling for the fifth year in a row after two years of growth. Over the period under review, consumption continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Production of Iron And Steel Pipes And Tubes in the U.S.

In value terms, iron and steel pipe production declined to $X in 2019. Over the period under review, production saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2019, production growth remained at a lower figure.

Exports of Iron And Steel Pipes And Tubes

Exports from the U.S.

In 2019, exports of iron and steel pipes and tubes from the U.S. reduced to X tonnes, which is down by -X% compared with 2018. Over the period under review, exports recorded a significant decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, iron and steel pipe exports dropped to $X in 2019. Overall, exports showed a abrupt curtailment. The smallest decline of -X% was in 2018. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), Bahamas (X tonnes) and Costa Rica (X tonnes) were the main destinations of iron and steel pipe exports from the U.S., together accounting for X% of total exports.

From 2013 to 2019, the biggest increases were in Bahamas (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel pipe exported from the U.S. were the Netherlands ($X), Bahamas ($X) and Panama ($X), with a combined X% share of total exports.

Among the main countries of destination, Bahamas (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average iron and steel pipe export price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, export price indicated a strong expansion from 2013 to 2019: its price increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, iron and steel pipe export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Panama ($X per tonne), while the average price for exports to Saint Maarten (Dutch part) ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Honduras, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron And Steel Pipes And Tubes

Imports into the U.S.

Iron and steel pipe imports into the U.S. dropped remarkably to X tonnes in 2019, waning by -X% compared with 2018 figures. Overall, imports recorded a precipitous decline. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, iron and steel pipe imports fell sharply to $X in 2019. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2017 to 2019, the growth imports failed to regain the momentum.

Imports by Country

The Netherlands (X tonnes), China (X tonnes) and Germany (X tonnes) were the main suppliers of iron and steel pipe imports to the U.S., together comprising X% of total imports.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel pipe suppliers to the U.S. were the Netherlands ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

Among the main suppliers, the Netherlands (+X% per year) recorded 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

In 2019, the average iron and steel pipe import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of iron and steel pipes and tubes to the U.S.?

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In value terms, the largest iron and steel pipe suppliers to the U.S. were the Netherlands ($1.3M), China ($774K) and Germany ($614K), with a combined 86% share of total imports.

What are the leading importers of iron and steel pipes and tubes from the U.S.?

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In value terms, the largest markets for iron and steel pipe exported from the U.S. were the Netherlands ($302K), Bahamas ($157K) and Panama ($131K), together comprising 52% of total exports.

What is the average export price for iron and steel pipes and tubes in the U.S.?

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The average iron and steel pipe export price stood at $2,682 per tonne in 2019, waning by -3.4% against the previous year.

What is the average import price for iron and steel pipes and tubes in the U.S.?

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In 2019, the average iron and steel pipe import price amounted to $1,352 per tonne, declining by -51% against the previous year.