U.S.: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the U.S.

The U.S. market for ribbed or other deformed wire rod of non-alloy steel reached $X in 2021, picking up by 1.5% against the previous year. Over the period under review, consumption recorded a deep downturn. Deformed non-alloy steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in the U.S.

In value terms, deformed non-alloy steel wire rod production rose modestly to $X in 2021. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. Deformed non-alloy steel wire rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from the U.S.

In 2021, after five years of growth, there was significant decline in shipments abroad of ribbed or other deformed wire rod of non-alloy steel, when their volume decreased by -12.8% to X tons. In general, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then reduced in the following year.

In value terms, deformed non-alloy steel wire rod exports expanded to $X in 2021. Over the period under review, exports, however, enjoyed measured growth. The pace of growth was the most pronounced in 2018 when exports increased by 54% against the previous year. The exports peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

Canada (X tons) was the main destination for deformed non-alloy steel wire rod exports from the United States, with a 51% share of total exports. Moreover, deformed non-alloy steel wire rod exports to Canada exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. Bahamas (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+10.2% per year) and Bahamas (+9.3% per year).

In value terms, Canada ($X) emerged as the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from the United States, comprising 52% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 24% share of total exports. It was followed by Bahamas, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+8.8% per year) and Bahamas (+9.1% per year).

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Bahamas ($X per ton) and Canada ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) and British Virgin Islands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cayman Islands (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into the U.S.

Deformed non-alloy steel wire rod imports into the United States surged to X tons in 2021, picking up by 182% on 2020 figures. In general, imports, however, recorded a abrupt decline. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Mexico (X tons) and Vietnam (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to the United States, together accounting for 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +155.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod suppliers to the United States were Mexico ($X), Russia ($X) and Vietnam ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +119.8%, recorded 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

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, surging by 62% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached 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 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Russia ($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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :