Northern America: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in Northern America

The North American forged stainless steel bar market dropped modestly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption saw a noticeable decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Forged Bars Of Stainless Steel in Northern America

In value terms, forged stainless steel bar production fell slightly to $X in 2022 estimated in export price. In general, production recorded a slight setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in Northern America

In 2022, shipments abroad of forged bars of stainless steel was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, forged stainless steel bar exports soared to $X in 2022. In general, exports, however, saw a deep downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Canada (X tons), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to forged stainless steel bar exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

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

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

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, forged stainless steel bar export price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Forged Bars Of Stainless Steel

Imports in Northern America

In 2022, supplies from abroad of forged bars of stainless steel was finally on the rise to reach X tons after seven years of decline. Overall, imports, however, faced a abrupt slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, forged stainless steel bar imports surged to $X in 2022. Over the period under review, imports, however, faced a abrupt descent. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the two major importers of forged bars of stainless steel, namely the United States and Canada, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of X%).

In value terms, the largest forged stainless steel bar importing markets in Northern America were Canada ($X) and the United States ($X).

In terms of the main importing countries, Canada, with a CAGR of X%, 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 2022, increasing by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, forged stainless steel bar import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 amounted to $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :