Northern America: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Northern America

In 2021, after three years of growth, there was decline in the North American hot-dipped metal-coated sheet market, when its value decreased by -4% to $X. In general, consumption showed a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted modestly in the following year.

Hot-Dipped Metal-Coated Sheet Production in Northern America

In value terms, hot-dipped metal-coated sheet production contracted to $X in 2021 estimated in export price. Overall, production posted a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 26%. The level of production peaked at $X in 2020, and then dropped in the following year.

Hot-Dipped Metal-Coated Sheet Exports

Exports in Northern America

In 2021, after three years of decline, there was significant growth in overseas shipments of hot-dipped metal-coated sheet, when their volume increased by 20% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Canada (X tons), followed by the United States (X tons) represented the main exporters of hot-dipped metal-coated sheet, together making up 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +2.5%).

In value terms, the largest hot-dipped metal-coated sheet supplying countries in Northern America were the United States ($X) and Canada ($X).

Among the main exporting countries, Canada, with a CAGR of +4.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

Hot-Dipped Metal-Coated Sheet Imports

Imports in Northern America

In 2021, overseas purchases of hot-dipped metal-coated sheet were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 48%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importer of hot-dipped metal-coated sheet in Northern America, with the volume of imports amounting to X tons, which was approx. 71% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 29% share of total imports.

The United States was also the fastest-growing in terms of the hot-dipped metal-coated sheet imports, with a CAGR of +4.2% from 2012 to 2021. At the same time, Canada (+4.2%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hot-dipped metal-coated sheet in Northern America, comprising 73% of total imports. The second position in the ranking was taken by Canada ($X), with a 27% share of total imports.

In the United States, hot-dipped metal-coated sheet imports increased at an average annual rate of +6.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, increasing by 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. 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 2021, 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 (+2.5%).

Source: IndexBox Platform

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