Latest Report Update: Jul 4, 2020

U.S. Sheet Metal Products Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Sheet Metal Product Market Overview 2020

Sheet Metal Product Market Size in the U.S.

For the seventh year in a row, the U.S. sheet metal product market recorded growth in sales value, which increased by X% to $X in 2019. The market value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sheet Metal Product Production in the U.S.

In value terms, sheet metal product production rose modestly to $X in 2019. The total output value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, production attained the maximum level in 2019 and is likely to see steady growth in years to come.

Sheet Metal Product Exports

Exports from the U.S.

In 2019, after two years of growth, there was significant decline in shipments abroad of sheet metal products, when their volume decreased by -X% to X kg. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, sheet metal product exports fell sharply to $X in 2019. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for sheet metal product exports from the U.S., with a X% share of total exports. Moreover, sheet metal product exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), sixfold. Panama (X tonnes) ranked third in terms of total exports with a X% share.

From 2013 to 2018, the average annual growth rate of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Panama (+X% per year).

In value terms, Canada ($X) remains the key foreign market for sheet metal product exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Panama (+X% per year).

Sheet Metal Product Imports

Imports into the U.S.

Sheet metal product imports into the U.S. reduced rapidly to X tonnes in 2019, declining by -X% compared with 2018. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018, and then fell rapidly in the following year.

In value terms, sheet metal product imports rose remarkably to $X in 2019. Over the period under review, total imports indicated strong growth from 2013 to 2019: its value 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, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in years to come.

Imports by Country

Canada (X tonnes), China (X tonnes) and South Korea (X tonnes) were the main suppliers of sheet metal product imports to the U.S., with a combined X% share of total imports. These countries were followed by Belgium, New Zealand, Italy, Germany, Honduras, Taiwan, Chinese, the UK and Mexico, 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 New Zealand (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of sheet metal product to the U.S., comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average sheet metal product import price stood at $X per tonne in 2019, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices failed to regain the momentum.

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

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of sheet metal products to the U.S.?
+
In value terms, Canada ($43M) constituted the largest supplier of sheet metal product to the U.S., comprising 47% of total imports. The second position in the ranking was occupied by China ($9M), with a 9.8% share of total imports. It was followed by Italy, with a 8% share.
What are the leading importers of sheet metal products from the U.S.?
+
In value terms, Canada ($83M) remains the key foreign market for sheet metal product exports from the U.S., comprising 33% of total exports. The second position in the ranking was occupied by Mexico ($41M), with a 16% share of total exports. It was followed by Panama, with a 3.9% share.
What is the average import price for sheet metal products in the U.S.?
+
In 2019, the average sheet metal product import price amounted to $3,529 per tonne, increasing by 42% against the previous year.

Product coverage:
• NAICS 332322 - Sheet metal work manufacturing

This report provides an in-depth analysis of the sheet metal product 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:
• Contech Engineered Solutions
• Greenheck Fan Corporation
• Flextronics International Pa
• Hoffman Enclosures
• Oatey Co.
• Consolidated Systems
• Allentown
• Therma Corporation
• Captive-Aire Systems
• Price Industries
• Robinson Metal
• Centria
• Centurion Industries
• Ware Industries
• M&M Manufacturing
• Clarkwestern Dietrich Building Systems
• Tenere, Lectrus Corporation
• Rollex Corporation
• Nu-Way Industries
• Riddleberger Brothers
• McCorvey Sheet Metal Works
• Nsa Industries
• Southwark Metal Manufacturing Company
• Quietflex Manufacturing Company
• Dayton Superior Corporation
• Euramax Holdings
• Selkirk Corporation
• Gentek Building Products
• GAF Corporation

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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