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U.S. Sheet Metal Products Market Analysis and Forecast to 2025

  • ID: 3497972
  • Report
  • Region: United States
  • IndexBox Inc.
UP TO OFF
until Dec 31st 2019
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U.S.Sheet Metal Product Market Is on the Rise

FEATURED COMPANIES

  • Allentown,
  • Centurion Industries,
  • GAF Corporation
  • M&M Manufacturing,
  • Oatey Co.,
  • Robinson Metal,
  • MORE

The revenue of the sheet metal product market in the U.S. amounted to $22.4B in 2018, increasing by 3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.0% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2014 when the market value increased by 5.3% against the previous year. Over the period under review, the sheet metal product market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Sheet Metal Product Production in the U.S.

In value terms, sheet metal product production amounted to $22.3B in 2018. The total output value increased at an average annual rate of +2.7% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2014 when production volume increased by 4% y-o-y. Sheet metal product production peaked in 2018 and is likely to see steady growth in the near future.

Exports from the U.S.

In 2018, sheet metal product exports from the U.S. amounted to 10K tonnes, increasing by 9.1% against the previous year. The total export volume increased at an average annual rate of +8.3% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 16% y-o-y. Over the period under review, sheet metal product exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, sheet metal product exports stood at $63M in 2018. The total export value increased at an average annual rate of +2.6% from 2013 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2018 when exports increased by 24% against the previous year. In that year, sheet metal product exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Panama (3K tonnes) was the main destination for sheet metal product exports from the U.S., with a 28% share of total exports. Moreover, sheet metal product exports to Panama exceeded the volume sent to the second major destination, Bahamas (604 tonnes), fivefold. Mozambique (541 tonnes) ranked third in terms of total exports with a 5.2% share.

From 2013 to 2018, the average annual growth rate of volume to Panama stood at +91.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+14.1% per year) and Mozambique (+164.6% per year).

In value terms, Panama ($9.5M) remains the key foreign market for sheet metal product exports from the U.S., comprising 15% of total sheet metal product exports. The second position in the ranking was occupied by Mozambique ($4M), with a 6.4% share of total exports. It was followed by Bahamas, with a 6.4% share.

From 2013 to 2018, the average annual rate of growth in terms of value to Panama stood at +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+134.2% per year) and Bahamas (+13.6% per year).

Export Prices by Country

In 2018, the average sheet metal product export price amounted to $5,970 per tonne, picking up by 14% against the previous year. In general, the sheet metal product export price, however, continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $7,823 per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Qatar ($11,901 per tonne), while the average price for exports to Panama ($3,203 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+51.3% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the amount of sheet metal products imported into the U.S. stood at 20K tonnes, increasing by 46% against the previous year. Over the period under review, sheet metal product imports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2016 when imports increased by 51% against the previous year. Over the period under review, sheet metal product imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, sheet metal product imports totaled $42M in 2018. In general, sheet metal product imports continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of 67% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, China (8.2K tonnes) constituted the largest supplier of sheet metal product to the U.S., with a 41% share of total imports. Moreover, sheet metal product imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (3.5K tonnes), twofold. Belgium (2.7K tonnes) ranked third in terms of total imports with a 13% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from China amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+388.0% per year) and Belgium (+222.9% per year).

In value terms, China ($16M) constituted the largest supplier of sheet metal product to the U.S., comprising 38% of total sheet metal product imports. The second position in the ranking was occupied by South Korea ($4.5M), with a 11% share of total imports. It was followed by Belgium, with a 11% share.

From 2013 to 2018, the average annual rate of growth in terms of value from China stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.0% per year) and Belgium (+106.2% per year).

Import Prices by Country

In 2018, the average sheet metal product import price amounted to $2,068 per tonne, declining by -12.2% against the previous year. In general, the sheet metal product import price continues to indicate a deep decline. The most prominent rate of growth was recorded in 2017 an increase of 20% year-to-year. Over the period under review, the average import prices for sheet metal products attained their peak figure at $3,172 per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was South Korea ($3,266 per tonne), while the price for New Zealand ($935 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Panama, while the prices for the other major suppliers experienced a decline.

The report provides on a detailed analysis of the U.S. sheet metal product market. It depicts the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the biggest players in the industry.

Companies mentioned:

  • Contech Engineered Solutions,
  • Greenheck Fan Corporation,
  • Flextronics International Pa,
  • Hoffman Enclosures,
  • Oatey Co.,
  • Consolidated Systems,
  • Allentown,
  • Therma Corporation,
  • Captive-Aire Systems,
  • Price Industries,
  • Robinson Metal,
  • Centria,
  • Centurion Industries,
  • Ware Industries,
  • M&M Manufacturing,
  • Clarkwestern Dietrich Building Systems,
  • Tenere, Lectrus Corporation,
  • Rollex Corporation,
  • Nu-Way Industries,
  • Riddleberger Brothers,
  • McCorvey Sheet Metal Works,
  • Nsa Industries,
  • Southwark Metal Manufacturing Company,
  • Quietflex Manufacturing Company,
  • Dayton Superior Corporation,
  • Euramax Holdings,
  • Selkirk Corporation,
  • Gentek Building Products,
  • GAF Corporation

Data coverage:

  • Sheet metal product market size;
  • Sheet metal product production, value of shipments;
  • Key market players and their profiles;
  • Exports, imports and trade balance;
  • Import and export prices;
  • Forecast of the market dynamics in the medium term;
  • Key industry statistics;
  • Life cycle of the sheet metal product industry;
  • Number of establishments and their locations;
  • Employment data;
  • Sheet metal product industry productivity.

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

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allentown,
  • Centurion Industries,
  • GAF Corporation
  • M&M Manufacturing,
  • Oatey Co.,
  • Robinson Metal,
  • MORE
1. Introduction
Making Data-Driven Decisions To Grow Your Business
1.1 Report Description
1.2 Research Methodology And Ai Platform
1.3 Data-Driven Decisions For Your Business
1.4 Glossary And Specific Terms

2. Executive Summary
A Quick Overview Of Market Performance
2.1 Key Findings
2.2 Market Trends

3. Market Overview
Understanding The Current State Of The Market And Its Prospects
3.1 Market Size
3.2 Market Structure
3.3 Trade Balance
3.4 Per Capita Consumption
3.5 Market Forecast To 2025

4. Most Promising Products
Finding New Products To Diversify Your Business
4.1 Top Products To Diversify Your Business
4.2 Best-Selling Products Worldwide
4.3 Most Consumed Product Worldwide
4.4 Most Traded Product
4.5 Most Profitable Product For Export

5. Most Promising Supplying Countries
Choosing The Best Countries To Establish Your Sustainable Supply Chain
5.1 Top Countries To Source Your Product
5.2 Top Producing Countries
5.3 Top Exporting Countries
5.4 Low-Cost Exporting Countries

6. Most Promising Overseas Markets
Choosing The Best Countries To Boost Your Exports
6.1 Top Overseas Markets For Exporting Your Product
6.2 Top Consuming Markets
6.3 Unsaturated Markets
6.4 Top Importing Markets
6.5 Most Profitable Markets

7. Production
The Latest Trends And Insights Into The Industry
7.1 Production Volume And Value

8. Imports
The Largest Importers On The Market And How They Succeed
8.1 Imports From 2007-2017
8.2 Imports By Country
8.3 Import Prices By Country

9. Exports
The Largest Exporters On The Market And How They Succeed
9.1 Exports From 2007-2017
9.2 Exports By Country
9.3 Export Prices By Country

10. Profiles Of Major Producers
The Largest Producers On The Market And Their Profiles

List Of Tables
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007-2017
Table 3: Market Value, 2007-2017
Table 4: Per Capita Consumption In 2007-2017
Table 5: Imports, In Physical Terms, By Country, 2007-2017
Table 6: Imports, In Value Terms, By Country, 2007-2017
Table 7: Import Prices, By Country Of Origin, 2007-2017
Table 8: Exports, In Physical Terms, By Country, 2007-2017
Table 9: Exports, In Value Terms, By Country, 2007-2017
Table 10: Export Prices, By Country Of Destination, 2007-2017

List Of Figures
Figure 1: Market Volume, In Physical Terms, 2007-2017
Figure 2: Market Value, 2007-2017
Figure 3: Market Structure - Domestic Supply Vs. Imports, In Physical Terms, 2007-2017
Figure 4: Market Structure - Domestic Supply Vs. Imports, In Value Terms, 2007-2017
Figure 5: Trade Balance, In Physical Terms, 2007-2017
Figure 6: Trade Balance, In Value Terms, 2007-2017
Figure 7: Per Capita Consumption, 2007-2017
Figure 8: Market Forecast To 2025
Figure 9: Products: Market Size And Growth, By Type
Figure 10: Products: Average Per Capita Consumption, By Type
Figure 11: Products: Exports And Growth, By Type
Figure 12: Products: Export Prices And Growth, By Type
Figure 13: Production Volume And Growth
Figure 14: Exports And Growth
Figure 15: Export Prices And Growth
Figure 16: Market Size And Growth
Figure 17: Per Capita Consumption
Figure 18: Imports And Growth
Figure 19: Import Prices
Figure 20: Production, In Physical Terms, 2007-2017
Figure 21: Production, In Value Terms, 2007-2017
Figure 22: Imports, In Physical Terms, 2007-2017
Figure 23: Imports, In Value Terms, 2007-2017
Figure 24: Imports, In Physical Terms, By Country, 2017
Figure 25: Imports, In Physical Terms, By Country, 2007-2017
Figure 26: Imports, In Value Terms, By Country, 2007-2017
Figure 27: Import Prices, By Country Of Origin, 2007-2017
Figure 28: Exports, In Physical Terms, 2007-2017
Figure 29: Exports, In Value Terms, 2007-2017
Figure 30: Exports, In Physical Terms, By Country, 2017
Figure 31: Exports, In Physical Terms, By Country, 2007-2017
Figure 32: Exports, In Value Terms, By Country, 2007-2017
Figure 33: Export Prices, By Country Of Destination, 2007-2017
Note: Product cover images may vary from those shown
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  • Allentown,
  • Captive-Aire Systems,
  • Centria,
  • Centurion Industries,
  • Clarkwestern Dietrich Building Systems,
  • Consolidated Systems,
  • Contech Engineered Solutions,
  • Dayton Superior Corporation,
  • Euramax Holdings,
  • Flextronics International Pa,
  • GAF Corporation
  • Gentek Building Products,
  • Greenheck Fan Corporation,
  • Hoffman Enclosures,
  • M&M Manufacturing,
  • McCorvey Sheet Metal Works,
  • Nsa Industries,
  • Nu-Way Industries,
  • Oatey Co.,
  • Price Industries,
  • Quietflex Manufacturing Company,
  • Riddleberger Brothers,
  • Robinson Metal,
  • Rollex Corporation,
  • Selkirk Corporation,
  • Southwark Metal Manufacturing Company,
  • Tenere, Lectrus Corporation,
  • Therma Corporation,
  • Ware Industries,
Note: Product cover images may vary from those shown
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