Market for Ornamental And Architectural Metal Product in the United States
Market Overview
In 
, the U.S. market for ornamental and architectural metal products decreased by -% to $, falling for the second year in a row after six years of growth. The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
In value terms, ornamental and architectural metal product production reduced to $ in . The total output value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.
, the U.S. market for ornamental and architectural metal products decreased by -% to $, falling for the second year in a row after six years of growth. The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.In value terms, ornamental and architectural metal product production reduced to $
in . The total output value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.Consumption
In , consumption of ornamental and architectural metal products decreased by -% to tonnes, falling for the second consecutive year after six years of growth. The total consumption volume increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, consumption reached the peak volume at tonnes in 2018; however, from 2019 to , consumption remained at a lower figure.
The revenue of the market for ornamental and architectural metal products in the United States dropped 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). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
, consumption of ornamental and architectural metal products decreased by -% to tonnes, falling for the second consecutive year after six years of growth. The total consumption volume increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, consumption reached the peak volume at tonnes in 2018; however, from 2019 to , consumption remained at a lower figure.The revenue of the market for ornamental and architectural metal products in the United States dropped 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). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for ornamental and architectural metal product in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
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 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.Trade Balance
The United States remains a net importer of ornamental and architectural metal product; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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