U.S. - Flat-Rolled Products Of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Silicon-Electrical Steel Flat-Rolled Product in the United States - 2023
Contents:
- Price for Silicon-Electrical Steel Flat-Rolled Product in the United States (FOB) - 2023
- Price for Silicon-Electrical Steel Flat-Rolled Product in the United States (CIF) - 2023
- Exports of Silicon-Electrical Steel Flat-Rolled Product in the United States
- Imports of Silicon-Electrical Steel Flat-Rolled Product in the United States
Price for Silicon-Electrical Steel Flat-Rolled Product in the United States (FOB) - 2023
In August 2023, the average silicon-electrical steel flat-rolled product export price amounted to $4,295 per ton, almost unchanged from the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in January 2023 an increase of 22% m-o-m. Over the period under review, the average export prices hit record highs at $4,392 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In August 2023, the countries with the highest prices were Canada ($4,466 per ton) and Mexico ($4,074 per ton), while the average price for exports to Croatia ($3,904 per ton) and Taiwan (Chinese) ($4,026 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silicon-Electrical Steel Flat-Rolled Product in the United States (CIF) - 2023
In August 2023, the average silicon-electrical steel flat-rolled product import price amounted to $3,009 per ton, which is down by -11.5% against the previous month. In general, import price indicated tangible growth from August 2022 to August 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, silicon-electrical steel flat-rolled product import price increased by +3.4% against June 2023 indices. The pace of growth was the most pronounced in September 2022 an increase of 54% m-o-m. Over the period under review, average import prices attained the peak figure at $3,670 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($4,936 per ton), while the price for Austria ($1,801 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silicon-Electrical Steel Flat-Rolled Product in the United States
In 2022, approx. 89K tons of flat-rolled products of silicon-electrical steel were exported from the United States; with an increase of 32% against the year before. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, silicon-electrical steel flat-rolled product exports soared to $284M in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Silicon-Electrical Steel Flat-Rolled Product in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 31.3 | 31.1 | 101 | 207 | 87.7% |
| Mexico | 20.4 | 18.1 | 31.2 | 65.7 | 47.7% |
| Malaysia | 0.1 | 0.2 | 1.3 | 2.4 | 188.4% |
| India | 8.2 | 4.6 | 3.1 | 2.2 | -35.5% |
| Belgium | 25.4 | 5.6 | 4.0 | 1.4 | -61.9% |
| United Arab Emirates | 8.2 | 5.3 | 2.2 | N/A | -48.2% |
| Others | 22.9 | 10.3 | 9.4 | 5.2 | -39.0% |
| Total | 116 | 75.3 | 153 | 284 | 34.8% |
Top Export Markets for Silicon-Electrical Steel Flat-Rolled Product from the United States in 2022:
- Canada (59.8K tons)
- Mexico (21.4K tons)
- Malaysia (2.5K tons)
- India (1.9K tons)
- Belgium (0.4K tons)
Imports of Silicon-Electrical Steel Flat-Rolled Product in the United States
In 2022, approx. 51K tons of flat-rolled products of silicon-electrical steel were imported into the United States; with a decrease of -8% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 55K tons, and then dropped in the following year.
In value terms, silicon-electrical steel flat-rolled product imports expanded remarkably to $114M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +77.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Silicon-Electrical Steel Flat-Rolled Product in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.3 | 16.4 | 52.2 | 42.3 | 43.5% |
| South Korea | 26.5 | 24.9 | 37.8 | 26.0 | -0.6% |
| China | 2.3 | 1.2 | 1.0 | 10.1 | 63.8% |
| Canada | 0.2 | 0.4 | 1.0 | 9.7 | 264.7% |
| France | 10.7 | 2.9 | 6.0 | 7.0 | -13.2% |
| Austria | 7.0 | 2.5 | 1.6 | 6.3 | -3.5% |
| Romania | 2.5 | 5.3 | 1.9 | 3.0 | 6.3% |
| India | 3.8 | 2.5 | 0.1 | N/A | -83.8% |
| Others | 14.7 | 8.1 | 6.7 | 9.6 | -13.2% |
| Total | 82.1 | 64.1 | 108 | 114 | 11.6% |
Top Suppliers of Silicon-Electrical Steel Flat-Rolled Product to the United States in 2022:
- Japan (16.2K tons)
- South Korea (11.0K tons)
- China (6.3K tons)
- France (5.2K tons)
- Austria (4.2K tons)
- Canada (2.5K tons)
- Romania (1.6K tons)
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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:
- Prodcom 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
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
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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
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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
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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
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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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