Northern America: Copper Screw Market 2024

Copper Screw Market Size in Northern America

In 2021, the North American copper screw market decreased by -0.4% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.4% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell slightly in the following year.

Copper Screw Production in Northern America

In value terms, copper screw production fell to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.3% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Copper Screw Exports

Exports in Northern America

Copper screw exports rose rapidly to X tons in 2021, growing by 6.9% on 2020 figures. In general, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 14%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper screw exports soared to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, recording X tons, which was approx. 96% of total exports in 2021. Canada (X tons) took a little share of total exports.

The United States was also the fastest-growing in terms of the copper screws, bolts and nuts exports, with a CAGR of -1.9% from 2012 to 2021. Canada (-4.1%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest copper screw supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.8% share of total exports.

In the United States, copper screw exports expanded at an average annual rate of +2.5% 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 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 (+4.4%).

Copper Screw Imports

Imports in Northern America

Copper screw imports surged to X tons in 2021, picking up by 18% on 2020 figures. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, copper screw imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the key importing country with an import of around X tons, which resulted at 81% of total imports. It was distantly followed by Canada (X tons), achieving a 16% share of total imports. Greenland (X tons) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Greenland (+7.3%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.3% from 2012-2021. Canada experienced a relatively flat trend pattern. The United States (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported copper screws, bolts and nuts in Northern America, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +3.4%. In the other countries, the average annual rates were as follows: Canada (+2.9% per year) and Greenland (+6.8% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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