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U.S. Fabricated Structural Metal Market. Analysis And Forecast to 2030

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May 1, 2023

US Structural Metal Imports Reach Low of $519M in Feb 2023

U.S. Fabricated Structural Metal Imports

In February 2023, the amount of fabricated structural metal imported into the United States dropped significantly to 161K tons, declining by -15.5% compared with January 2023. In general, imports saw a slight shrinkage. The growth pace was the most rapid in March 2022 when imports increased by 27% m-o-m. As a result, imports reached the peak of 248K tons. From April 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

In value terms, fabricated structural metal imports fell markedly to $519M (IndexBox estimates) in February 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 24% month-to-month.

COUNTRY	Import Value of Fabricated Structural Metal in U.S. (million USD)
COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
Mexico	146	170	139	151	158	163	179	162	171	176	154	163	140
Canada	96.7	131	121	140	136	133	141	145	159	131	114	125	113
China	69.3	75.0	83.5	80.9	70.5	87.5	74.9	77.2	57.7	58.6	50.2	57.2	52.9
India	31.7	41.2	36.8	39.1	52.2	32.5	26.4	35.7	37.7	37.2	28.3	64.3	44.2
South Korea	31.3	30.6	31.2	41.7	56.8	46.4	31.1	30.4	22.6	20.8	36.5	18.9	22.5
Germany	7.3	18.5	13.2	15.7	13.2	12.8	17.4	14.9	18.2	12.6	14.2	24.4	20.9
Turkey	12.2	33.9	14.8	18.3	14.4	30.8	13.0	43.8	18.3	36.8	16.1	18.3	14.3
Taiwan (Chinese)	15.1	15.1	15.5	18.6	13.5	14.9	16.1	19.8	12.3	14.3	11.0	12.3	11.1
Vietnam	14.5	16.6	23.0	23.4	19.7	17.8	29.8	20.0	15.9	18.6	10.1	15.6	10.9
Spain	17.4	10.8	5.4	14.1	17.4	14.7	14.0	14.2	9.8	10.3	6.9	8.4	9.0
Thailand	31.3	46.5	20.6	49.9	27.4	13.8	62.7	45.6	28.9	30.4	17.8	15.8	7.4
Others	83.9	101	96.2	107	101	91.8	94.3	91.2	77.8	86.5	117	88.1	71.9
Total	557	690	600	701	681	659	700	700	629	633	576	612	519

Imports by Country

Mexico (39K tons), China (26K tons) and India (23K tons) were the main suppliers of fabricated structural metal imports to the United States, together comprising 55% of total imports. Canada, Turkey, Germany, South Korea, Thailand, Vietnam, Spain and Taiwan (Chinese) lagged somewhat behind, together comprising a further 36%.

From February 2022 to February 2023, the biggest increases were in Germany (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($140M), Canada ($113M) and China ($53M) were the largest fabricated structural metal suppliers to the United States, together accounting for 59% of total imports. These countries were followed by India, South Korea, Germany, Turkey, Taiwan (Chinese), Vietnam, Spain and Thailand, which together accounted for a further 27%.

Among the main suppliers, Germany, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In February 2023, the fabricated structural metal price stood at $3,223 per ton (CIF, US), approximately equating the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in December 2022 an increase of 13% m-o-m. As a result, import price attained the peak level of $3,566 per ton. From January 2023 to February 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($5,104 per ton), while the price for Turkey ($1,610 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fabricated structural metal 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 2030.

Product coverage:

NAICS 332312 - Fabricated structural metal manufacturing

Country coverage:

United States

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Fabricated Structural Metal Market. Analysis And Forecast to 2030

US Structural Metal Imports Reach Low of $519M in Feb 2023

U.S. Fabricated Structural Metal Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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