U.S. Plate Work Market. Analysis And Forecast to 2030
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View PricingPlate Work Price in the United States - 2023
Contents:
- Plate Work Price in the United States (FOB) - 2022
- Plate Work Price in the United States (CIF) - 2022
- Plate Work Exports in the United States
- Plate Work Imports in the United States
Plate Work Price in the United States (FOB) - 2022
The average plate work export price stood at $144 per unit in 2022, surging by 4.2% against the previous year. Over the period under review, export price indicated a strong increase from 2018 to 2022: its price increased at an average annual rate of +12.0% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plate work export price increased by +57.2% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 39% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($13,494 per unit), while the average price for exports to Canada ($42 per unit) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+248.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plate Work Price in the United States (CIF) - 2022
In 2022, the average plate work import price amounted to $2.1 per unit, waning by -4.5% against the previous year. Over the period under review, import price indicated a prominent increase from 2018 to 2022: its price increased at an average annual rate of +9.5% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plate work import price increased by +43.9% against 2018 indices. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $2.2 per unit, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($2.7 per unit), while the price for Finland ($1.5 per unit) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plate Work Exports in the United States
For the third year in a row, the United States recorded decline in shipments abroad of plate work, which decreased by -6.5% to 139K units in 2022. Over the period under review, exports faced a abrupt decrease. Over the period under review, the exports hit record highs at 233K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, plate work exports contracted modestly to $20M in 2022. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum at $22M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plate Work in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.4 | 3.6 | 4.1 | 4.1 | 6.4% |
| Canada | 1.8 | 2.5 | 2.9 | 2.7 | 14.5% |
| Trinidad and Tobago | 0.4 | 1.1 | 1.5 | 2.7 | 89.0% |
| Mexico | 1.1 | 1.5 | 1.8 | 0.7 | -14.0% |
| France | 0.2 | 0.4 | 0.3 | 0.6 | 44.2% |
| Australia | 3.2 | 0.4 | 2.0 | 0.5 | -46.1% |
| Japan | 0.2 | 0.8 | 1.8 | 0.4 | 26.0% |
| New Zealand | 0.4 | 0.3 | 0.1 | 0.4 | 0.0% |
| South Korea | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Italy | 0.3 | 0.2 | 0.5 | 0.3 | 0.0% |
| Greece | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Germany | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Suriname | 1.6 | N/A | N/A | N/A | 0% |
| Others | 8.7 | 4.8 | 5.0 | 6.7 | -8.3% |
| Total | 22.2 | 16.3 | 20.6 | 20.0 | -3.4% |
Top Export Markets for Plate Work from the United States in 2022:
- Canada (64.6K units)
- Mexico (10.3K units)
- France (7.6K units)
- Australia (5.6K units)
- Trinidad and Tobago (4.9K units)
- Japan (4.3K units)
- Germany (4.0K units)
- South Korea (3.5K units)
- United Kingdom (3.3K units)
- Greece (3.1K units)
- New Zealand (3.0K units)
- Italy (2.3K units)
Plate Work Imports in the United States
In 2022, purchases abroad of plate work decreased by -7.3% to 4.5M units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of 6.1M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, plate work imports declined to $9.4M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Plate Work in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.8 | 1.6 | 1.6 | 3.1 | 19.9% |
| United Kingdom | 3.2 | 7.3 | 5.4 | 3.0 | -2.1% |
| China | 1.1 | 1.0 | 1.1 | 1.5 | 10.9% |
| France | 0.3 | 0.2 | 1.0 | 0.4 | 10.1% |
| Norway | 0.2 | 0.1 | 0.7 | 0.3 | 14.5% |
| Italy | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Finland | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Others | 0.9 | 0.5 | 0.9 | 0.8 | -3.9% |
| Total | 7.6 | 10.7 | 10.7 | 9.4 | 7.3% |
Top Suppliers of Plate Work to the United States in 2022:
- United Kingdom (1908.7K units)
- Canada (1171.9K units)
- China (621.7K units)
- France (240.9K units)
- Norway (138.2K units)
- Finland (110.5K units)
- Italy (106.0K units)
This report provides an in-depth analysis of the plate work market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 332313 - Plate work manufacturing
Companies mentioned:
- Mitek Usa
- Ctb
- Amtrol
- Wastequip
- Koch-Glitsch
- Babcock Power
- Hyundai Translead
- Manchester Tank & Equipment Co
- Atco Rubber Products
- Merrill Tool Holding Company
- Western Industries
- American Alloy Steel
- Koch Chemical Technology Group
- Cablofil
- North American Container Corporation
- Walker Group Holdings
- Toshiba America Nuclear Energy Corporation
- Materials Processing
- Dragon Products
- Great Basin Industrial
- Nordfab
- Vestas Towers America
- Asco Valve
- Bwxt Government Group
- Chart
- Worthington Cylinder Corporation
- Wastequip Manufacturing Company
- Babcock Power Capital Corporation
- Hudson Products Corporation
- Bwxt Nuclear Operations Group
- B-G Western, Arvos
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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