Northern America: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Northern America

The North American stainless steel angle market expanded sharply to $X in 2021, with an increase of 14% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Stainless Steel Angle Production in Northern America

In value terms, stainless steel angle production expanded markedly to $X in 2021 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 56%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Stainless Steel Angle Exports

Exports in Northern America

In 2021, after four years of decline, there was significant growth in shipments abroad of angles, shapes and sections of stainless steel or other alloy steel, when their volume increased by 16% to X tons. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 33%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, stainless steel angle exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the largest exporter of angles, shapes and sections of stainless steel or other alloy steel in Northern America, with the volume of exports amounting to X tons, which was approx. 78% of total exports in 2021. It was distantly followed by Canada (X tons), committing a 22% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to stainless steel angle exports from the United States stood at -17.9%. Canada (-16.0%) illustrated a downward trend over the same period. While the share of Canada (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-3.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest stainless steel angle supplier in Northern America, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports.

In the United States, stainless steel angle exports decreased by an average annual rate of -10.9% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, growing by 16% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stainless steel angle export price increased by +60.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 32% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.6%).

Stainless Steel Angle Imports

Imports in Northern America

In 2021, the amount of angles, shapes and sections of stainless steel or other alloy steel imported in Northern America surged to X tons, increasing by 60% on the year before. Over the period under review, imports, however, recorded a pronounced decline. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, stainless steel angle imports soared to $X in 2021. In general, imports, however, recorded a noticeable reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) and the United States (X tons) represented the main importer of angles, shapes and sections of stainless steel or other alloy steel in Northern America, creating 100% of total import.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of -2.5%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Canada, with a CAGR of -1.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%).

Source: IndexBox Platform

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