U.S.: Nonferrous Forging Market Overview 2021

Nonferrous Forging Market Size in the U.S.

For the sixth year in a row, the U.S. nonferrous forging market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Nonferrous Forging Production in the U.S.

In value terms, nonferrous forging production shrank to $X in 2019. In general, production saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

Nonferrous Forging Exports

Exports from the U.S.

In 2019, overseas shipments of nonferrous forging decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a noticeable slump. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, nonferrous forging exports declined to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2018 to 2019, the growth exports remained at a lower figure.

Exports by Country

China (X tonnes), France (X tonnes) and Japan (X tonnes) were the main destinations of nonferrous forging exports from the U.S., with a combined X% share of total exports. South Korea, Italy, Canada, the UK, Turkey, Mexico, Brazil, Poland, India and Singapore lagged somewhat behind, together comprising a further X 2013 to 2019, the biggest increases were in India, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nonferrous forging exported from the U.S. were China ($X), Japan ($X) and France ($X), together comprising X% of total exports. The UK, South Korea, Singapore, Canada, Italy, Turkey, Poland, Mexico, Brazil and India lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to 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

In 2019, the average nonferrous forging export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price recorded a perceptible increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Nonferrous Forging Imports

Imports into the U.S.

In 2019, approx. X tonnes of nonferrous forging were imported into the U.S.; declining by -X% on the year before. In general, imports recorded a deep setback. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, nonferrous forging imports contracted sharply to $X in 2019. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a lower figure.

Imports by Country

China (X tonnes), the Czech Republic (X tonnes) and Mexico (X tonnes) were the main suppliers of nonferrous forging imports to the U.S., with a combined X% share of total imports. These countries were followed by Russia, Taiwan (Chinese), Poland and Germany, which together accounted for a further X 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of nonferrous forging to the U.S., comprising X% of total imports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Mexico (-X% per year).

Import Prices by Country

In 2019, the average nonferrous forging import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Taiwan (Chinese) ($X per tonne), while the price for Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), 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 nonferrous forging to the U.S.?

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In value terms, China ($6M) constituted the largest supplier of nonferrous forging to the U.S., comprising 33% of total imports. The second position in the ranking was occupied by the Czech Republic ($2.4M), with a 13% share of total imports. It was followed by Mexico, with a 10% share.

What are the leading importers of nonferrous forging from the U.S.?

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In value terms, China ($29M), Japan ($28M) and France ($23M) constituted the largest markets for nonferrous forging exported from the U.S. worldwide, with a combined 45% share of total exports. These countries were followed by the UK, South Korea, Singapore, Canada, Italy, Turkey, Poland, Mexico, Brazil and India, which together accounted for a further 49%.

What is the average export price for nonferrous forging in the U.S.?

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In 2019, the average nonferrous forging export price amounted to $16,685 per tonne, jumping by 23% against the previous year.

What is the average import price for nonferrous forging in the U.S.?

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The average nonferrous forging import price stood at $7,744 per tonne in 2019, falling by -5.6% against the previous year.