Northern America: Metal Washer Market 2024

Metal Washer Market Size in Northern America

The North American metal washer market soared to $X in 2021, rising by 26% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Washer Production in Northern America

In value terms, metal washer production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 39%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Metal Washer Exports

Exports in Northern America

Metal washer exports rose notably to X tons in 2021, picking up by 12% on the previous year's figure. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal washer exports soared to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was near 97% of total exports in 2021. Canada (X tons) held a relatively small share of total exports.

The United States was also the fastest-growing in terms of the iron or steel washers exports, with a CAGR of +2.5% from 2012 to 2021. Canada (-6.6%) illustrated a downward trend over the same period. While the share of the United States (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-3.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest metal washer supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +3.8%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 6.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The level of export peaked at $X per ton in 2016; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.6%).

Metal Washer Imports

Imports in Northern America

In 2021, supplies from abroad of iron or steel washers was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal washer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States was the major importer of iron or steel washers in Northern America, with the volume of imports finishing at X tons, which was near 73% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 27% share of total imports.

The United States was also the fastest-growing in terms of the iron or steel washers imports, with a CAGR of +3.3% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The United States (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -4.8% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel washers in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

In the United States, metal washer imports increased at an average annual rate of +1.4% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with an increase of 10% against the previous year. In general, the import price, however, saw a slight reduction. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).

Source: IndexBox Platform

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