U.S. Sheet Metal Products Market. Analysis And Forecast to 2025

U.S.: Sheet Metal Product Market Overview 2019

Sheet Metal Product Market Size in the U.S.

The revenue of the sheet metal product market in the U.S. amounted to $X in 2018, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the sheet metal product market reached its maximum level in 2018 and is likely to continue its growth in the near future.

Sheet Metal Product Production in the U.S.

In value terms, sheet metal product production totaled $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when production volume increased by X% year-to-year. Sheet metal product production peaked in 2018 and is expected to retain its growth in the near future.

Sheet Metal Product Exports

Exports from the U.S.

Sheet metal product exports from the U.S. stood at X tonnes in 2018, picking up by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, sheet metal product exports amounted to $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained consistent, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, sheet metal product exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Panama (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 Panama exceeded the volume sent to the second major destination, Bahamas (X tonnes), fivefold. Mozambique (X tonnes) ranked third in terms of total exports with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to Panama totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+X% per year) and Mozambique (+X% per year).

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

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

Export Prices by Country

The average sheet metal product export price stood at $X per tonne in 2018, going up by X% against the previous year. Overall, the sheet metal product export price, however, continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per tonne), while the average price for exports to Panama ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Sheet Metal Product Imports

Imports into the U.S.

In 2018, the imports of sheet metal products into the U.S. totaled X tonnes, surging by X% against the previous year. Over the period under review, sheet metal product imports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, sheet metal product imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, sheet metal product imports totaled $X in 2018. In general, sheet metal product imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, China (X tonnes) constituted the largest sheet metal product supplier to the U.S., with a X% share of total imports. Moreover, sheet metal product imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), twofold. Belgium (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Belgium (+X% per year).

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

From 2013 to 2018, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Belgium (+X% per year).

Import Prices by Country

The average sheet metal product import price stood at $X per tonne in 2018, going down by -X% against the previous year. Overall, the sheet metal product import price continues to indicate a drastic decrease. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

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

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Panama, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform