Prefabricated Metal Building Prices in the United States Skyrocket to $1,306 per Unit
Mar 17, 2023
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In December 2022, the prefabricated metal building price stood at $1,306 per unit (FOB, US), rising by 12% against the previous month. The most prominent rate of growth was recorded in April 2022 an increase of 241% against the previous month. Over the period under review, the average export prices hit record highs at $8,542 per unit in September 2022; afterwards, it flattened through to December 2022. From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+24.7%). In December 2022, overseas shipments of prefabricated metal building and components decreased by -42.8% to 12K units for the first time since September 2022. The UK (1.5K units) ranked third in terms of total exports with a 13% share. In value terms, the largest markets for prefabricated metal building exported from the United States were Mexico ($3.3M), the UK ($1.9M) and Canada ($1.6M), with a combined 45% share of total exports. Panama, with a CAGR of +17.3%, recorded the highest growth rate of 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.