Latest Report Update: Jun 30, 2020

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

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U.S.: Nonferrous Forging Market Overview 2020

Nonferrous Forging Market Size in the U.S.

The U.S. nonferrous forging market dropped modestly to $X in 2019, approximately equating the previous year. Over the period under review, consumption recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Nonferrous Forging Production in the U.S.

In value terms, nonferrous forging production dropped to $X in 2019. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, production reached 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, shipments abroad of nonferrous forging decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, nonferrous forging exports dropped to $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

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 and India 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 accounting for X% of total exports. The UK, South Korea, Canada, Italy, Turkey, Poland, Mexico, Brazil and India lagged somewhat behind, together comprising a further X terms of the main countries of destination, India saw the highest rates of growth with regard to 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 nonferrous forging export price amounted to $X per tonne, picking up by X% against the previous year. Over the last six years, it increased at an average annual rate of +X%. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to India ($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 Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Nonferrous Forging Imports

Imports into the U.S.

In 2019, nonferrous forging imports into the U.S. shrank dramatically to X tonnes, waning by -X% on the previous year. In general, imports faced a sharp setback. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, nonferrous forging imports shrank remarkably to $X in 2019. Overall, imports saw a dramatic downturn. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

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., together comprising X% of total imports.

From 2017 to 2019, the biggest increases were in Mexico (+X% per year), while purchases 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 2017 to 2019, the average annual rate of growth in terms of value from China totaled +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

The average nonferrous forging import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne, and then dropped in the following year.

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 2013 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 more modest paces of growth.

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, the largest markets for nonferrous forging exported from the U.S. were China ($29M), Japan ($28M) and France ($23M), together accounting for 45% of total exports. These countries were followed by the UK, South Korea, Canada, Italy, Turkey, Poland, Mexico, Brazil and India, which together accounted for a further 42%.
What is the average export price for nonferrous forging in the U.S.?
+
The average nonferrous forging export price stood at $16,685 per tonne in 2019, with an increase of 23% against the previous year.
What is the average import price for nonferrous forging in the U.S.?
+
In 2019, the average nonferrous forging import price amounted to $7,744 per tonne, 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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