U.S.: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in the U.S.

The U.S. agglomerated powder rod market shrank to $X in 2021, reducing by -1.5% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 -2.2% against 2019 indices. Agglomerated powder rod consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Agglomerated Powder Rod Production in the U.S.

In value terms, agglomerated powder rod production declined slightly to $X in 2021. In general, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Agglomerated Powder Rod Exports

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in overseas shipments of base metal wire and rods of agglomerated base powder, when their volume increased by 9.8% to X tons. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, agglomerated powder rod exports soared to $X in 2021. In general, exports, however, recorded a pronounced setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for agglomerated powder rod exports from the United States, with a 51% share of total exports. Moreover, agglomerated powder rod exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.5% per year) and China (-2.6% per year).

In value terms, Mexico ($X) remains the key foreign market for base metal wire and rods of agglomerated base powder exports from the United States, comprising 44% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Germany, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.6% per year) and Germany (+7.6% per year).

Export Prices by Country

In 2021, the average agglomerated powder rod export price amounted to $X per ton, rising by 8.7% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Agglomerated Powder Rod Imports

Imports into the U.S.

In 2021, overseas purchases of base metal wire and rods of agglomerated base powder were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, showed a deep contraction. The growth pace was the most rapid in 2015 with an increase of 59% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, agglomerated powder rod imports reached $X in 2021. Overall, imports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of 33%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of agglomerated powder rod to the United States, accounting for a 51% share of total imports. Moreover, agglomerated powder rod imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Mexico (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +45.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.6% per year) and Mexico (-2.9% per year).

In value terms, the largest agglomerated powder rod suppliers to the United States were Taiwan (Chinese) ($X), Canada ($X) and Mexico ($X), together comprising 68% of total imports.

Taiwan (Chinese), with a CAGR of +45.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average agglomerated powder rod import price amounted to $X per ton, remaining stable against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agglomerated powder rod import price increased by +60.5% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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