U.S.: Market for Ornamental And Architectural Metal Products 2024

Market Size for Ornamental And Architectural Metal Products in the U.S.

In 2021, after two years of decline, there was growth in the U.S. market for ornamental and architectural metal products, when its value increased by 1.8% to $X. The market value increased at an average annual rate of +3.0% over the period from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Ornamental and architectural metal product consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Ornamental And Architectural Metal Products in the U.S.

In value terms, ornamental and architectural metal product production expanded modestly to $X in 2021. The total output value increased at an average annual rate of +3.2% over the period from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11%. Ornamental and architectural metal product production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Ornamental And Architectural Metal Products

Exports from the U.S.

In 2021, overseas shipments of ornamental and architectural metal products increased by 36% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ornamental and architectural metal product exports surged to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for ornamental and architectural metal product exports from the United States, accounting for a 74% share of total exports. Moreover, ornamental and architectural metal product exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), ninefold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Canada stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.9% per year) and Germany (+15.0% per year).

In value terms, Canada ($X) remains the key foreign market for ornamental and architectural metal products exports from the United States, comprising 66% of total exports. The second position in the ranking was held by Mexico ($X), with a 13% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Canada stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.0% per year) and Germany (+15.6% per year).

Export Prices by Country

The average export price for ornamental and architectural metal products stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Over the last eight years, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2016 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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 Mexico ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ornamental And Architectural Metal Products

Imports into the U.S.

In 2021, purchases abroad of ornamental and architectural metal products decreased by -6.5% to X tons, falling for the third consecutive year after six years of growth. In general, imports, however, continue to indicate modest growth. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ornamental and architectural metal product imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2013 to 2021: its value increased at an average annual rate of +5.2% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest ornamental and architectural metal product supplier to the United States, accounting for a 47% share of total imports. Moreover, ornamental and architectural metal product imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Canada (X tons) ranked third in terms of total imports with a 9.7% share.

From 2013 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.5% per year) and Canada (-5.1% per year).

In value terms, China ($X), Canada ($X) and Mexico ($X) appeared to be the largest ornamental and architectural metal product suppliers to the United States, with a combined 63% share of total imports. These countries were followed by India, Germany, Austria, Italy, Vietnam, the United Arab Emirates and Sweden, which together accounted for a further 26%.

Sweden, with a CAGR of +30.8%, saw the highest growth rate of the value of imports, among 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 import price for ornamental and architectural metal products stood at $X per ton in 2021, increasing by 25% against the previous year. Over the last eight-year period, it increased at an average annual rate of +4.1%. 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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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