Northern America: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Northern America

In 2020, the North American iron and steel wire market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Northern America

In value terms, iron and steel wire production contracted rapidly to $X in 2020 estimated in export prices. Overall, production saw a slight slump. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Production By Country in Northern America

The U.S. (X tons) remains the largest iron and steel wire producing country in Northern America, accounting for X% of total volume. Moreover, iron and steel wire production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), fivefold.

From 2007 to 2020, the average annual growth rate of volume in the U.S. amounted to -X%.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports in Northern America

In 2020, after two years of decline, there was growth in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume increased by X% to X tons. In general, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, iron and steel wire exports contracted modestly to $X in 2020. Over the period under review, exports, however, saw a mild slump. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Canada represented the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the U.S. (X tons), constituting a X% share of total exports.

From 2007 to 2020, the biggest increases were in Canada.

In value terms, the largest iron and steel wire supplying countries in Northern America were the U.S. ($X) and Canada ($X U.S. saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2020, the iron and steel wire export price in Northern America amounted to $X per ton, falling by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Canada stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports in Northern America

In 2020, overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the fifth year in a row after four years of growth. In general, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, iron and steel wire imports reduced to $X in 2020. Over the period under review, imports showed a slight reduction. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importer of wire of iron or non-alloy steel (stainless steel or other alloy steel) in Northern America, with the volume of imports accounting for X tons, which was near X% of total imports in 2020. It was distantly followed by Canada (X tons), mixing up a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to iron and steel wire imports into the U.S. stood at -X%. Canada (-X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported wire of iron or non-alloy steel (stainless steel or other alloy steel) in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. totaled -X%.

Import Prices by Country

In 2020, the iron and steel wire import price in Northern America amounted to $X per ton, which is down by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

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