Northern America: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Northern America

The North American market for ribbed or other deformed wire rod of non-alloy steel was estimated at $X in 2021, increasing by 2% against the previous year. Overall, consumption recorded a noticeable decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Northern America

In value terms, deformed non-alloy steel wire rod production expanded to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Northern America

After five years of growth, shipments abroad of ribbed or other deformed wire rod of non-alloy steel decreased by -12.1% to X tons in 2021. Overall, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of 35%. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, deformed non-alloy steel wire rod exports reached $X in 2021. Over the period under review, exports, however, saw modest growth. The pace of growth was the most pronounced in 2018 when exports increased by 53% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X tons) represented the main exporter of ribbed or other deformed wire rod of non-alloy steel in Northern America, mixing up 99% of total export.

The United States was also the fastest-growing in terms of the ribbed or other deformed wire rod of non-alloy steel exports, with a CAGR of +2.6% from 2012 to 2021. The United States (+13 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest deformed non-alloy steel wire rod supplier in Northern America.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +2.6%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -0.0% per year.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Northern America

In 2021, the amount of ribbed or other deformed wire rod of non-alloy steel imported in Northern America surged to X tons, rising by 28% on the previous year's figure. In general, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 145%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports surged to $X in 2021. Overall, imports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of 132% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) represented the largest importer of ribbed or other deformed wire rod of non-alloy steel, making up 76% of total imports. It was distantly followed by the United States (X tons), mixing up a 23% share of total imports.

Canada was also the fastest-growing in terms of the ribbed or other deformed wire rod of non-alloy steel imports, with a CAGR of +8.9% from 2012 to 2021. The United States (-16.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +54 percentage points.

In value terms, Canada ($X) constitutes the largest market for imported ribbed or other deformed wire rod of non-alloy steel in Northern America, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports.

In Canada, deformed non-alloy steel wire rod imports expanded at an average annual rate of +10.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 54% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States 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 (+1.3%).

Source: IndexBox Platform

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