U.S. Sheet Metal Products Market. Analysis And Forecast to 2030
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View PricingExport of Sheet Metal Products in the United States Increases to $18M in May 2023
U.S. Sheet Metal Product Exports
In May 2023, after two months of growth, there was significant decline in shipments abroad of sheet metal products, when their volume decreased by -6.8% to 3K tons. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 with an increase of 25% against the previous month.
In value terms, sheet metal product exports amounted to $18M (IndexBox estimates) in May 2023. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 17% m-o-m.
| COUNTRY | Export Value of Sheet Metal Product in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| Canada | 6.6 | 7.8 | 7.5 | 7.6 | 7.2 | 7.2 | 5.3 | 4.1 | 5.3 | 5.6 | 5.9 | 6.9 | 7.2 |
| Mexico | 4.0 | 3.9 | 4.3 | 3.6 | 3.5 | 2.4 | 3.1 | 2.6 | 3.9 | 3.0 | 5.2 | 5.0 | 4.9 |
| Bahamas | 1.0 | 1.0 | 0.4 | 0.6 | 0.6 | 0.7 | 0.5 | 0.5 | 0.5 | 0.7 | 0.6 | 0.4 | 0.4 |
| Others | 6.5 | 5.9 | 6.0 | 7.6 | 6.6 | 7.0 | 6.2 | 7.5 | 6.9 | 5.8 | 5.9 | 5.3 | 5.3 |
| Total | 18.2 | 18.5 | 18.2 | 19.4 | 17.8 | 17.3 | 15.0 | 14.7 | 16.6 | 15.0 | 17.6 | 17.7 | 17.8 |
Exports by Country
Canada (2.1K tons) was the main destination for sheet metal product exports from the United States, accounting for a 69% share of total exports. Moreover, sheet metal product exports to Canada exceeded the volume sent to the second major destination, Mexico (423 tons), fivefold.
From May 2022 to May 2023, the average monthly growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+5.4% per month) and Bahamas (-5.5% per month).
In value terms, the largest markets for sheet metal product exported from the United States were Canada ($7.2M), Mexico ($4.9M) and Bahamas ($433K), with a combined 70% share of total exports.
Mexico, with a CAGR of +1.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
In May 2023, the sheet metal product price stood at $5,916 per ton (FOB, US), increasing by 8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 20% m-o-m. Over the period under review, the average export prices reached the maximum at $6,928 per ton in January 2023; however, from February 2023 to May 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($11,471 per ton), while the average price for exports to Canada ($3,491 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.6%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the sheet metal product 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 332322 - Sheet metal work manufacturing
Companies mentioned:
- 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
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
