Updated Nov 20, 2022 05:53

Roasted Iron Pyrites Market in the United States

Market Overview
In , the U.S. roasted iron pyrites market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

In value terms, roasted iron pyrites production reached $ in . In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by %. Over the period under review, production reached the peak level at $ in 2008; however, from 2009 to , production failed to regain momentum.


Consumption
In , roasted iron pyrites consumption in the United States contracted slightly to tons, falling by -% against the year before. Over the period under review, consumption showed a drastic downturn. Roasted iron pyrites consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.

The size of the roasted iron pyrites market in the United States shrank to $ in , falling by -% 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). In general, consumption continues to indicate a deep slump. Roasted iron pyrites consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for roasted iron pyrites in the United States, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of roasted iron pyrites in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for roasted iron pyrites. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of the United States imports of in the roasted iron pyrites market structure from less than % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (less than percentage point) over the period under review.


Trade Balance
The United States remains a net exporter of roasted iron pyrites; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $.