Latest Report Update: Mar 25, 2021

U.S. Nonferrous Forging Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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

Product coverage:
• NAICS 332112 - Nonferrous forging

This report provides an in-depth analysis of the nonferrous forging market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Mueller Industries
• Wyman-Gordon Company
• Weber Metals
• Power Systems Mfg.
• Machine Specialty & Manufacturing
• Plansee USA
• Shultz Steel Company
• Aluminum Precision Products
• Cleveland Hardware and Forging Company
• Kobe Aluminum Automotive Products
• Ohio Star Forge Co.
• Quality Aluminum Forge
• Consolidated Industries
• Carlton Forge Works
• Harvey Industries
• Lindsey Manufacturing Co.
• Continental Forge Company
• Fansteel Inc.
• Vulcan Global Manufacturing Solutions
• Federal Flange
• Harvey Industries
• Smiths Tubular Systems-Laconia
• Accudyne Industries
• Turbine Engine Components Technologies Corporation
• Hhi Formtech Industries
• Earthquake Protection Systems
• Mueller Brass Forging Company
• Firth Rixson Forgings

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

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 2030
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 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
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, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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