U.S.: Market for Motor Vehicle Metal Stamping 2024

Market Size for Motor Vehicle Metal Stamping in the U.S.

For the tenth year in a row, the U.S. motor vehicle metal stamping market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption showed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Motor Vehicle Metal Stamping

Exports from the U.S.

After nine years of growth, shipments abroad of motor vehicle metal stamping decreased by X% to X tons in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, motor vehicle metal stamping exports dropped slightly to $X in 2022. In general, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for motor vehicle metal stamping exports from the United States, with a X% share of total exports. Moreover, motor vehicle metal stamping exports to Mexico exceeded the volume sent to the second major destination, China (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

In value terms, Mexico ($X) remains the key foreign market for motor vehicle metal stamping exports from the United States, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average motor vehicle metal stamping export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Metal Stamping

Imports into the U.S.

For the tenth year in a row, the United States recorded growth in purchases abroad of motor vehicle metal stamping, which increased by X% to X tons in 2022. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, motor vehicle metal stamping imports surged to $X in 2022. In general, total imports indicated prominent growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), Canada (X tons) and Germany (X tons) were the main suppliers of motor vehicle metal stamping imports to the United States, with a combined X% share of total imports.

From 2020 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle metal stamping suppliers to the United States were Mexico ($X), Canada ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motor vehicle metal stamping import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a buoyant increase from 2020 to 2022: its price increased at an average annual rate of X% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle metal stamping import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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