U.S.: Bar Draw-Bench Market 2024

Bar Draw-Bench Market Size in the U.S.

In 2021, the U.S. bar draw-bench market decreased by -6.6% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Bar draw-bench consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Bar Draw-Bench Production in the U.S.

In value terms, bar draw-bench production shrank slightly to $X in 2021. Over the period under review, production continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Bar Draw-Bench Exports

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in shipments abroad of draw-benches for bars, tubes, profiles, wire or the like, when their volume increased by 5.5% to X units. Overall, exports, however, showed a slight decrease. The growth pace was the most rapid in 2015 with an increase of 106%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, bar draw-bench exports skyrocketed to $X in 2021. In general, exports showed a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of 166%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units), Germany (X units) and Thailand (X units) were the main destinations of bar draw-bench exports from the United States, with a combined 39% share of total exports. Canada, Australia, Ghana, Italy, China, Japan, Costa Rica, Poland, Colombia and Malaysia lagged somewhat behind, together comprising a further 52%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +55.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for draw-benches for bars, tubes, profiles, wire or the like exports from the United States, comprising 36% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Canada, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.5% per year) and Canada (+5.8% per year).

Export Prices by Country

The average bar draw-bench export price stood at $X per unit in 2021, jumping by 40% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bar Draw-Bench Imports

Imports into the U.S.

For the third consecutive year, the United States recorded decline in overseas purchases of draw-benches for bars, tubes, profiles, wire or the like, which decreased by -10.1% to X units in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 65%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, bar draw-bench imports dropped remarkably to $X in 2021. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when imports increased by 94%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of bar draw-bench imports to the United States, together comprising 75% of total imports. Italy, Austria, Sweden, Japan and Canada lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of draw-benches for bars, tubes, profiles, wire or the like to the United States, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.9% per year) and Italy (-18.1% per year).

Import Prices by Country

The average bar draw-bench import price stood at $X per unit in 2021, shrinking by -22.9% against the previous year. Over the period under review, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 86% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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