Price for Sanitary Ware and Parts Thereof, of Iron or Steel in the United States - 2024

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in the United States (CIF) - 2024
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in the United States (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in the United States
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in the United States

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in the United States (CIF) - 2024

In March 2024, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $8.0 per unit, jumping by 19% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $8.4 per unit in July 2023; however, from August 2023 to March 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Vietnam ($27.4 per unit), while the price for India ($2.2 per unit) was amongst the lowest.

From June 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Canada (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in the United States (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $22 per unit, with an increase of 24% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 an increase of 51%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($71 per unit), while the average price for exports to China ($4.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in the United States

In 2022, imports of sanitary ware and parts thereof, of iron or steel into the United States contracted to 95M units, falling by -11.2% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, imports reached the peak of 107M units, and then declined in the following year.

In value terms, imports of sanitary ware and parts thereof, of iron or steel skyrocketed to $761M in 2022. The total import value increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to the United States in 2022:

1. China (63.1M units)
2. Taiwan (Chinese) (20.0M units)
3. Vietnam (3.7M units)
4. Thailand (2.8M units)
5. Malaysia (1.4M units)
6. Mexico (0.9M units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in the United States

In 2022, shipments abroad of sanitary ware and parts thereof, of iron or steel was finally on the rise to reach 8.5M units after two years of decline. In general, exports, however, showed a abrupt setback. Over the period under review, the exports of hit record highs at 12M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sanitary ware and parts thereof, of iron or steel skyrocketed to $188M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from the United States in 2022:

1. Mexico (5211.0K units)
2. Canada (778.7K units)
3. China (334.9K units)
4. United Kingdom (259.4K units)
5. Germany (194.3K units)
6. Costa Rica (142.1K units)
7. Australia (109.7K units)
8. Saudi Arabia (60.9K units)
9. Japan (38.3K units)

Source: IndexBox Market Intelligence Platform