U.S.: Steel Wire Market 2025

Steel Wire Market Size in the U.S.

In 2022, the U.S. steel wire market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. Steel wire consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Steel Wire Production in the U.S.

In value terms, steel wire production totaled $X in 2022. Overall, production, however, saw a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Steel Wire Exports

Exports from the U.S.

In 2022, shipments abroad of steel wire increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, steel wire exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of steel wire exports from the United States, with a combined X% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for steel wire exported from the United States were Mexico ($X), Canada ($X) and Brazil ($X), with a combined X% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel wire export price amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a strong expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel wire export price increased by X% against 2013 indices. 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 the UK ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Wire Imports

Imports into the U.S.

In 2022, overseas purchases of steel wire increased by X% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, steel wire imports soared to $X in 2022. Over the period under review, total imports indicated a remarkable increase 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. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Mexico (X tons) and Canada (X tons) were the main suppliers of steel wire imports to the United States, together accounting for X% of total imports. Oman, South Korea, India, Thailand, Vietnam, Taiwan (Chinese), Turkey, Malaysia, Sri Lanka and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel wire suppliers to the United States were China ($X), Mexico ($X) and Canada ($X), together accounting for X% of total imports. South Korea, Oman, India, Taiwan (Chinese), Thailand, Vietnam, Turkey, Malaysia, Lithuania and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Sri Lanka, with a CAGR of X%, 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 steel wire import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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