Northern America: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Northern America

The North American agglomerated powder rod market dropped modestly to $X in 2023, almost unchanged from the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Agglomerated Powder Rod Production in Northern America

In value terms, agglomerated powder rod production fell to $X in 2023 estimated in export price. In general, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Agglomerated Powder Rod Exports

Exports in Northern America

In 2023, overseas shipments of base metal wire and rods of agglomerated base powder increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, agglomerated powder rod exports reached $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, the United States (X tons) and Canada (X tons) was the key exporter of base metal wire and rods of agglomerated base powder in Northern America, mixing up X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of X%).

In value terms, the United States ($X) remains the largest agglomerated powder rod supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, agglomerated powder rod export price increased by X% against 2014 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Agglomerated Powder Rod Imports

Imports in Northern America

In 2023, overseas purchases of base metal wire and rods of agglomerated base powder increased by X% to X tons, rising for the third consecutive year after five years of decline. Overall, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, agglomerated powder rod imports rose rapidly to $X in 2023. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the United States (X tons) represented the major importer of base metal wire and rods of agglomerated base powder, making up X% of total imports. It was distantly followed by Canada (X tons), committing a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to agglomerated powder rod imports into the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported base metal wire and rods of agglomerated base powder in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with an X% share of total imports.

In the United States, agglomerated powder rod imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, rising by X% against the previous year. Import price indicated a resilient increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, agglomerated powder rod import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform