Northern America: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Northern America

In 2023, the North American stainless steel household articles market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Northern America

In value terms, stainless steel household articles production shrank notably to $X in 2023 estimated in export price. Overall, production recorded a significant decrease. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports in Northern America

In 2023, after two years of growth, there was significant decline in shipments abroad of table, kitchen or household articles and parts of stainless steel, when their volume decreased by X% to X units. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, stainless steel household articles exports fell to $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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

The United States was the main exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Canada (X units), creating a X% share of total exports.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2023. 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 exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in the United States stood at X%.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per unit, growing by X% against the previous year. In general, the export price showed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

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

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports in Northern America

In 2023, imports of table, kitchen or household articles and parts of stainless steel in Northern America stood at X units, increasing by X% on 2022 figures. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, stainless steel household articles imports fell to $X in 2023. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X units), achieving a X% share of total imports.

The United States was also the fastest-growing in terms of the table, kitchen or household articles and parts of stainless steel imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported table, kitchen or household articles and parts of stainless steel in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an X% share of total imports.

In the United States, stainless steel household articles imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

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

Source: IndexBox Platform