Northern America: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Northern America

For the fifth consecutive year, the North American metal self-locking nut market recorded growth in sales value, which increased by 7.5% to $X in 2021. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Metal Self-Locking Nut Production in Northern America

In value terms, metal self-locking nut production reduced markedly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 283%. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Metal Self-Locking Nut Exports

Exports in Northern America

In 2021, shipments abroad of iron or steel nuts (including self-locking nuts) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a perceptible contraction. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports expanded sharply to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the largest exporter of iron or steel nuts (including self-locking nuts) in Northern America, with the volume of exports reaching X tons, which was near 79% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 21% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal self-locking nut exports from the United States stood at -5.6%. At the same time, Canada (+4.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.8% from 2012-2021. From 2012 to 2021, the share of Canada increased by +12 percentage points.

In value terms, the United States ($X) remains the largest metal self-locking nut supplier in Northern America, comprising 81% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, falling by -9.2% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the export price increased by 42%. The level of export peaked at $X per ton in 2020, and then declined in the following year.

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 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 (+5.8%).

Metal Self-Locking Nut Imports

Imports in Northern America

In 2021, approx. X tons of iron or steel nuts (including self-locking nuts) were imported in Northern America; surging by 12% on 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, metal self-locking nut imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal self-locking nut imports in 2021 were Canada (X tons) and the United States (X tons), together accounting for 99.9% of total import.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +1.6%).

In value terms, the United States ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in Northern America, comprising 79% of total imports. The second position in the ranking was held by Canada ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +2.4%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.8%).

Source: IndexBox Platform

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