Extruded Rod Market in the United States
Market Overview
In 
, the U.S. extruded rod market increased by % to $, rising for the third consecutive year after four years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.
In value terms, extruded rod production totaled $ in . Over the period under review, production, however, showed a slight slump. The pace of growth was the most pronounced in 2012 with an increase of %. As a result, production attained the peak level of $. From 2013 to , production growth failed to regain momentum.
, the U.S. extruded rod market increased by % to $, rising for the third consecutive year after four years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.In value terms, extruded rod production totaled $
in . Over the period under review, production, however, showed a slight slump. The pace of growth was the most pronounced in 2012 with an increase of %. As a result, production attained the peak level of $. From 2013 to , production growth failed to regain momentum.Consumption
In , consumption of extruded rods and profile shapes of cellular vulcanised rubber increased by % to tons, rising for the fourth consecutive year after six years of decline. Overall, consumption, however, saw a perceptible decline. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The value of the extruded rod market in the United States rose notably to $ in , increasing 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, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.
, consumption of extruded rods and profile shapes of cellular vulcanised rubber increased by % to tons, rising for the fourth consecutive year after six years of decline. Overall, consumption, however, saw a perceptible decline. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The value of the extruded rod market in the United States rose notably to $
in , increasing 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, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for extruded rod 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 .
% 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
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last fifteen-year period (from % to %). Over the period under review, the share of imports in terms of total extruded rod consumption in the United States was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United States extruded rod market is largely supplied by domestic manufacturers.
% to %). Over the period under review, the share of imports in terms of total extruded rod consumption in the United States was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United States extruded rod market is largely supplied by domestic manufacturers.Trade Balance
The United States remains a net importer of extruded rod; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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