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.?

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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, 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.?

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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.?

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In 2019, the average nonferrous forging import price amounted to $7,744 per tonne, falling by -5.6% against the previous year.