U.S.: Metal Bath Market 2024

Metal Bath Market Size in the U.S.

The U.S. metal bath market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a resilient expansion. Metal bath consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Bath Exports

Exports from the U.S.

In 2021, metal bath exports from the United States rose modestly to X tons, picking up by 4.5% compared with 2020 figures. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 194% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal bath exports expanded slightly to $X in 2021. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 8.1%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for metal bath exports from the United States, with a 7.1% share of total exports. Moreover, metal bath exports to Canada exceeded the volume sent to the second major destination, Bahamas (X tons), tenfold. The third position in this ranking was taken by Bermuda (X tons), with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (-5.0% per year) and Bermuda (+7.6% per year).

In value terms, Canada ($X) remains the key foreign market for baths of iron or steel exports from the United States, comprising 86% of total exports. The second position in the ranking was taken by Bahamas ($X), with a 2.1% share of total exports. It was followed by Mexico, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+9.0% per year) and Mexico (-4.6% per year).

Export Prices by Country

In 2021, the average metal bath export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price showed mild growth. The most prominent rate of growth was recorded in 2016 an increase of 326%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Bermuda ($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 Qatar (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Bath Imports

Imports into the U.S.

After two years of decline, supplies from abroad of baths of iron or steel increased by 8.7% to X tons in 2021. Over the period under review, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, metal bath imports expanded rapidly to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 56%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal bath to the United States, with a 20% share of total imports. Moreover, metal bath imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+11.5% per year) and Germany (-13.8% per year).

In value terms, China ($X) constituted the largest supplier of baths of iron or steel to the United States, comprising 58% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by Portugal, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+28.8% per year) and Portugal (-6.1% per year).

Import Prices by Country

In 2021, the average metal bath import price amounted to $X per ton, increasing by 3.9% against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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