U.S. Iron Foundries Market. Analysis And Forecast to 2030
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View PricingAmerica's Iron Foundry Imports Decrease to $107M in Feb 2023
U.S. Iron Foundry Imports
In February 2023, supplies from abroad of iron foundries decreased by -9.6% to 37K tons, falling for the fourth month in a row after four months of growth. Over the period under review, imports recorded a slight slump. The growth pace was the most rapid in March 2022 when imports increased by 19% against the previous month.
In value terms, iron foundry imports shrank to $107M (IndexBox estimates) in February 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 22% month-to-month.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Import Value of Iron Foundry in U.S. (million USD) | |||||||||||||
| China | 45.1 | 52.7 | 48.3 | 50.9 | 46.3 | 54.7 | 55.0 | 59.4 | 51.3 | 39.9 | 36.7 | 32.1 | 28.5 |
| India | 24.7 | 30.4 | 30.5 | 37.1 | 39.2 | 41.2 | 37.1 | 47.0 | 47.1 | 42.7 | 26.7 | 28.5 | 25.5 |
| France | 6.9 | 8.2 | 10.4 | 18.7 | 17.1 | 15.4 | 13.3 | 8.5 | 16.0 | 18.7 | 11.5 | 8.9 | 8.4 |
| Canada | 6.2 | 7.1 | 5.4 | 7.0 | 6.8 | 5.7 | 5.1 | 5.7 | 6.7 | 5.3 | 4.5 | 6.4 | 6.6 |
| Mexico | 5.9 | 7.7 | 7.1 | 8.1 | 7.7 | 5.9 | 7.2 | 7.8 | 7.1 | 7.4 | 6.3 | 5.0 | 5.8 |
| Vietnam | 3.4 | 3.6 | 2.6 | 3.7 | 5.2 | 4.4 | 4.5 | 2.8 | 4.7 | 2.7 | 4.0 | 4.2 | 4.9 |
| Germany | 3.6 | 4.4 | 3.1 | 5.0 | 3.9 | 3.9 | 4.3 | 3.9 | 6.0 | 3.3 | 6.9 | 3.7 | 2.1 |
| Thailand | 3.2 | 3.7 | 3.8 | 4.2 | 5.1 | 3.3 | 3.8 | 3.4 | 3.7 | 4.7 | 3.4 | 3.6 | 1.8 |
| Others | 20.0 | 27.7 | 27.5 | 31.7 | 28.4 | 28.2 | 26.7 | 24.9 | 30.0 | 30.6 | 28.6 | 27.4 | 24.0 |
| Total | 119 | 145 | 139 | 167 | 160 | 163 | 157 | 163 | 173 | 155 | 129 | 120 | 107 |
Imports by Country
India (15K tons), China (11K tons) and Mexico (1.9K tons) were the main suppliers of iron foundry imports to the United States, with a combined 77% share of total imports.
From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +3.2%), while imports for the other leaders experienced mixed trend patterns.
In value terms, China ($28M), India ($25M) and France ($8.4M) constituted the largest iron foundry suppliers to the United States, together accounting for 58% of total imports. Canada, Mexico, Vietnam, Germany and Thailand lagged somewhat behind, together accounting for a further 20%.
In terms of the main suppliers, Vietnam, with a CAGR of +3.0%, saw the highest growth rate of 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 iron foundry price stood at $2,938 per ton (CIF, US), flattening at the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 5% month-to-month. As a result, import price attained the peak level of $3,021 per ton. From January 2023 to February 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($11,149 per ton), while the price for India ($1,647 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 France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the iron foundry 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 331511 - Iron foundries
Companies mentioned:
- Alstom USA
- United States Pipe and Foundry Company
- Metaltek International
- Ej Usa, Waupaca Foundry
- Neenah Foundry Company
- Ward Manufacturing
- Metso Minerals Industries
- Rochester Metal Products Corp.
- United States Foundry & Manufacturing CorporationGrede Holdings
- Ej Group
- Dexter Apache Holdings
- Intat Precision
- The Dalton Corporation
- U. S. Holdings
- Brillion Iron Works
- Tyler Pipe Company
- Bremen Castings
- Osco Industries
- Elyria Foundry Company
- Vernon North Industry Corp
- Benton Foundry
- Metal Technologies of Indiana
- Intermet Corporation
- Grede
- Grede Foundries
- Grede II
- USP Holdings
- Waupaca Foundry Holdings
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
