Nonferrous Forging Market Overview in the USA
In value terms, nonferrous forging production dropped modestly to $ in 2019. Overall, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The size of the nonferrous forging market in the U.S. reduced to $ in 2019, therefore, remained relatively stable 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). Overall, consumption recorded a perceptible setback. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.