Northern America: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Northern America

In 2021, the North American market for sanitary ware and parts of iron or steel was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a mild descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Northern America

In value terms, iron or steel sanitary ware production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable decrease. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in Northern America

For the third year in a row, Northern America recorded decline in overseas shipments of sanitary ware and parts of iron or steel, which decreased by -10.7% to X tons in 2021. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 64%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel sanitary ware exports declined to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons) was the major exporter of sanitary ware and parts of iron or steel, generating 75% of total exports. It was distantly followed by Canada (X tons), committing a 25% share of total exports.

Exports from the United States decreased at an average annual rate of -12.8% from 2012 to 2021. At the same time, Canada (+6.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.1% from 2012-2021. While the share of Canada (+20 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-19.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest iron or steel sanitary ware supplier in Northern America, comprising 86% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -1.7%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 6.4% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2020 when the export price increased by 93%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: 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 (+12.6%).

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in Northern America

In 2021, overseas purchases of sanitary ware and parts of iron or steel increased by 54% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel sanitary ware imports reached $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. 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 dominates imports structure, recording X tons, which was near 88% of total imports in 2021. It was distantly followed by Canada (X tons), creating a 7.8% share of total imports. Greenland (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, Greenland (+16.9%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of +16.9% from 2012-2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+4.4 p.p.) and Greenland (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-6.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported sanitary ware and parts of iron or steel in Northern America, comprising 78% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Canada (+1.1% per year) and Greenland (+15.5% per year).

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, falling by -26.8% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2018 an increase of 17%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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