Northern America: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Northern America

In 2022, the North American non-malleable cast iron articles market increased by 2.5% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a mild decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Articles Of Non-Malleable Cast Iron in Northern America

In value terms, non-malleable cast iron articles production declined modestly to $X in 2022 estimated in export price. Overall, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Northern America

In 2022, the amount of articles of non-malleable cast iron exported in Northern America declined to X tons, waning by -7.9% against the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-malleable cast iron articles exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 36%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was near 93% of total exports in 2022. It was distantly followed by Canada (X tons), creating a 7.4% share of total exports.

The United States was also the fastest-growing in terms of the articles of non-malleable cast iron exports, with a CAGR of +4.4% from 2012 to 2022. Canada (-8.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +15 percentage points.

In value terms, the United States ($X) remains the largest non-malleable cast iron articles supplier in Northern America, comprising 91% of total exports. The second position in the ranking was held by Canada ($X), with a 9.5% share of total exports.

In the United States, non-malleable cast iron articles exports expanded at an average annual rate of +3.2% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 16% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.0%).

Imports of Articles Of Non-Malleable Cast Iron

Imports in Northern America

In 2022, overseas purchases of articles of non-malleable cast iron increased by 31% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-malleable cast iron articles imports skyrocketed to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the key importer of articles of non-malleable cast iron in Northern America, with the volume of imports recording X tons, which was near 76% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 24% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-malleable cast iron articles imports into the United States stood at +3.5%. At the same time, Canada (+7.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.7% from 2012-2022. While the share of Canada (+6.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-6.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported articles of non-malleable cast iron in Northern America, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +1.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by 11% against the previous year. Overall, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in 2021 an increase of 14% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.9%).

Source: IndexBox Platform

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