U.S.: Rolling Mill Market 2024

Rolling Mill Market Size in the U.S.

The U.S. rolling mill market expanded significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Rolling mill consumption peaked in 2022 and is likely to see steady growth in years to come.

Rolling Mill Production in the U.S.

In value terms, rolling mill production declined slightly to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Rolling Mill Exports

Exports from the U.S.

In 2022, exports of rolling mill and other metalworking machinery from the United States amounted to X tons, approximately equating the previous year's figure. Overall, exports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, rolling mill exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of rolling mill exports from the United States, together comprising X% of total exports. Germany, Italy, India, South Korea, Honduras, Vietnam, Brazil and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for rolling mill exported from the United States were Mexico ($X), China ($X) and Canada ($X), with a combined X% share of total exports. India, Germany, South Korea, Vietnam, Honduras, Italy, Brazil and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Honduras, with a CAGR of X%, saw 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 rolling mill export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

Rolling Mill Imports

Imports into the U.S.

In 2022, purchases abroad of rolling mill and other metalworking machinery increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, rolling mill imports expanded sharply to $X in 2022. Over the period under review, total imports indicated moderate growth 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 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of rolling mill imports to the United States, together comprising X% of total imports. Canada, Japan, India, the Czech Republic, South Korea, Malaysia, Thailand, Taiwan (Chinese), Turkey and Mexico lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rolling mill suppliers to the United States were Italy ($X), Germany ($X) and Canada ($X), together comprising X% of total imports. China, South Korea, Japan, India, Thailand, Turkey, Taiwan (Chinese), the Czech Republic, Mexico and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, saw 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 rolling mill import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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