U.S.: Rolling Mill Market 2025

Rolling Mill Market Size in the U.S.

The U.S. rolling mill market totaled $X in 2021, surging by 3.2% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2013 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Rolling Mill Production in the U.S.

In value terms, rolling mill production amounted to $X in 2021. The total output value increased at an average annual rate of +1.3% over the period from 2013 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 4.8% against the previous year. Rolling mill production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Rolling Mill Exports

Exports from the U.S.

In 2021, shipments abroad of rolling mill and other metalworking machinery decreased by -14.6% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, rolling mill exports shrank modestly to $X in 2021. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 20% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for rolling mill exports from the United States, with a 28% share of total exports. Moreover, rolling mill exports to Mexico exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a 12% share.

From 2013 to 2021, the average annual growth rate of volume to Mexico amounted to -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-20.1% per year) and Canada (-14.6% per year).

In value terms, Mexico ($X) remains the key foreign market for rolling mill and other metalworking machinery exports from the United States, comprising 36% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports. It was followed by China, with an 11% share.

From 2013 to 2021, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-1.6% per year) and China (-16.6% per year).

Export Prices by Country

In 2021, the average rolling mill export price amounted to $X per ton, growing by 16% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 123% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Argentina ($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 Japan (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Rolling Mill Imports

Imports into the U.S.

In 2021, imports of rolling mill and other metalworking machinery into the United States amounted to X tons, growing by 6.3% on 2020 figures. Overall, total imports indicated noticeable growth from 2013 to 2021: its volume increased at an average annual rate of +2.4% 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 -23.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 43%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, rolling mill imports expanded markedly to $X in 2021. Over the period under review, total imports indicated perceptible growth from 2013 to 2021: its value increased at an average annual rate of +3.7% 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 -0.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of rolling mill imports to the United States, with a combined 57% share of total imports. These countries were followed by South Korea, Canada, Japan, India, Turkey, Taiwan (Chinese), the UK, Austria, France and Switzerland, which together accounted for a further 36%.

From 2013 to 2021, the biggest increases were recorded for India (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest rolling mill suppliers to the United States, with a combined 51% share of total imports. These countries were followed by Canada, South Korea, Japan, Switzerland, Turkey, France, the UK, India, Taiwan (Chinese) and Austria, which together accounted for a further 36%.

India, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, in terms of 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 rolling mill import price stood at $X per ton in 2021, rising by 6.3% against the previous year. Over the last eight-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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