Northern America: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Northern America

The North American metal screw hook market was estimated at $X in 2022, stabilizing at the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Screw Hook Production in Northern America

In value terms, metal screw hook production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 21%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Screw Hook Exports

Exports in Northern America

After three years of decline, overseas shipments of iron or steel screw hooks and screw rings increased by 2.6% to X tons in 2022. Over the period under review, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 33%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal screw hook exports totaled $X in 2022. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 17%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was approx. 98% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the iron or steel screw hooks and screw rings exports, with a CAGR of -6.8% from 2012 to 2022. Canada (-16.2%) illustrated a downward trend over the same period. The United States (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -4.3% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest metal screw hook supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -10.1%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by 12% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 Canada (+0.8%).

Metal Screw Hook Imports

Imports in Northern America

After two years of growth, purchases abroad of iron or steel screw hooks and screw rings decreased by -9% to X tons in 2022. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 41%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, metal screw hook imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The United States represented the main importer of iron or steel screw hooks and screw rings in Northern America, with the volume of imports amounting to X tons, which was approx. 82% of total imports in 2022. It was distantly followed by Canada (X tons), committing an 18% share of total imports.

The United States was also the fastest-growing in terms of the iron or steel screw hooks and screw rings imports, with a CAGR of +4.7% from 2012 to 2022. Canada (-2.4%) illustrated a downward trend over the same period. The United States (+13 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -12.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel screw hooks and screw rings in Northern America, comprising 84% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +2.4%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 20% against the previous year. Overall, the import price, however, continues to indicate a mild descent. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%).

Source: IndexBox Platform

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