U.S.: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in the U.S.

The U.S. concrete reinforcing bar market expanded modestly to $X in 2022, surging by 2.1% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.4% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Concrete Reinforcing Bar Production in the U.S.

In value terms, concrete reinforcing bar production amounted to $X in 2022. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 49%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports from the U.S.

In 2022, after two years of growth, there was significant decline in overseas shipments of concrete reinforcing bars, when their volume decreased by -16.1% to X tons. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar exports amounted to $X in 2022. Over the period under review, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 108%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for concrete reinforcing bar exports from the United States, accounting for a 70% share of total exports. Moreover, concrete reinforcing bar exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -8.8%.

In value terms, Canada ($X) remains the key foreign market for concrete reinforcing bars exports from the United States, comprising 68% of total exports. The second position in the ranking was held by Mexico ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to -5.9%.

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, rising by 20% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +67.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 39%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.0%).

Concrete Reinforcing Bar Imports

Imports into the U.S.

In 2022, overseas purchases of concrete reinforcing bars increased by 12% to X tons, rising for the second year in a row after four years of decline. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 32%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports soared to $X in 2022. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Mexico (X tons) and Algeria (X tons) were the main suppliers of concrete reinforcing bar imports to the United States, with a combined 76% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Algeria (with a CAGR of +71.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Turkey ($X) and Algeria ($X) were the largest concrete reinforcing bar suppliers to the United States, together accounting for 72% of total imports.

Algeria, with a CAGR of +90.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, jumping by 26% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +84.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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