U.S.: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in the U.S.

The U.S. cement prefabricated structural components market contracted to $X in 2021, waning by -13.5% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in the U.S.

In value terms, cement prefabricated structural components production shrank sharply to $X in 2021. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 49%. As a result, production attained the peak level of $X, and then declined significantly in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from the U.S.

In 2021, overseas shipments of prefabricated structural components of cement, concrete or artificial stone were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cement prefabricated structural components exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for cement prefabricated structural components exports from the United States, accounting for a 55% share of total exports. Moreover, cement prefabricated structural components exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.3% per year) and the UK (+40.6% per year).

In value terms, Canada ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from the United States, comprising 66% of total exports. The second position in the ranking was held by Ireland ($X), with a 20% share of total exports. It was followed by the UK, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+34.5% per year) and the UK (+50.1% per year).

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, increasing by 98% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 an increase of 268% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Japan ($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 Ireland (+58.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into the U.S.

In 2021, supplies from abroad of prefabricated structural components of cement, concrete or artificial stone increased by 34% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 58%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, cement prefabricated structural components imports expanded modestly to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.3% against 2015 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest cement prefabricated structural components supplier to the United States, accounting for a 79% share of total imports. Moreover, cement prefabricated structural components imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-1.5% per year) and the Netherlands (+62.8% per year).

In value terms, Canada ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to the United States, comprising 74% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9.3% share of total imports. It was followed by Brazil, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-12.9% per year) and Brazil (+126.4% per year).

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, declining by -23.3% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 4.4% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :