U.S.Sheet Metal Product Market Is on the Rise

IndexBox has just published a new report: 'U.S. Sheet Metal Products Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

The revenue of the sheet metal product market in the U.S. amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the sheet metal product market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Sheet Metal Product Production in the U.S.

In value terms, sheet metal product production amounted to $X in 2018. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2014 when production volume increased by X% y-o-y. Sheet metal product production peaked in 2018 and is likely to see steady growth in the near future.

Exports from the U.S.

In 2018, sheet metal product exports from the U.S. amounted to X tons, increasing by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Over the period under review, sheet metal product exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, sheet metal product exports stood at $X in 2018. The total export value increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous 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 tons) 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 tons), fivefold. Mozambique (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2018, the average annual growth rate of volume to Panama stood at +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 stood at +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

In 2018, the average sheet metal product export price amounted to $X per ton, picking up by X% against the previous year. In general, the sheet metal product export price, however, continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Qatar ($X per ton), while the average price for exports to Panama ($X per ton) 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.

Imports into the U.S.

In 2018, the amount of sheet metal products imported into the U.S. stood at X tons, increasing by X% against the previous year. Over the period under review, sheet metal product imports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, sheet metal product imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, sheet metal product imports totaled $X in 2018. In general, sheet metal product imports continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, China (X tons) constituted the largest supplier of sheet metal product 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 tons), twofold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual rate of growth in terms 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 stood at +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

In 2018, the average sheet metal product import price amounted to $X per ton, declining by -X% against the previous year. In general, the sheet metal product import price continues to indicate a deep decline. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, the average import prices for sheet metal products attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was South Korea ($X per ton), while the price for New Zealand ($X per ton) 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.

Companies Mentioned in the Report

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

Source: IndexBox Market Intelligence Platform