Northern America: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in Northern America

The North American iron or steel towers market amounted to $X in 2021, rising by 3.5% against the previous year. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Towers And Lattice Masts in Northern America

In value terms, iron or steel towers production amounted to $X in 2021 estimated in export price. In general, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 100% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in Northern America

In 2021, shipments abroad of iron or steel towers and lattice masts decreased by -28.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2015 when exports increased by 66% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, iron or steel towers exports fell remarkably to $X in 2021. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada represented the major exporter of iron or steel towers and lattice masts in Northern America, with the volume of exports finishing at X tons, which was near 89% of total exports in 2021. It was distantly followed by the United States (X tons), creating an 11% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of iron or steel towers and lattice masts. The United States (-17.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +33 percentage points.

In value terms, Canada ($X) remains the largest iron or steel towers supplier in Northern America, comprising 85% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports.

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

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 14% against the previous year. In general, the export price, however, saw a mild slump. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).

Imports of Iron Or Steel Towers And Lattice Masts

Imports in Northern America

In 2021, purchases abroad of iron or steel towers and lattice masts decreased by -39.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 71%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, iron or steel towers imports fell dramatically to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 72% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States represented the main importing country with an import of around X tons, which amounted to 89% of total imports. It was distantly followed by Canada (X tons), generating an 11% share of total imports.

The United States was also the fastest-growing in terms of the iron or steel towers and lattice masts imports, with a CAGR of -6.8% from 2012 to 2021. Canada (-11.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +4.9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel towers and lattice masts in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with an 8.8% share of total imports.

In the United States, iron or steel towers imports plunged by an average annual rate of -7.3% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, 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 (-0.6%).

Source: IndexBox Platform

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