Price for Chain and Parts Thereof, of Iron or Steel in Brazil - 2024

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Brazil (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Brazil (FOB) - 2024
3. Imports of Chain and Parts Thereof, of Iron or Steel in Brazil
4. Exports of Chain and Parts Thereof, of Iron or Steel in Brazil

Price for Chain and Parts Thereof, of Iron or Steel in Brazil (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $3,852 per ton, growing by 11% against the previous year. Over the period under review, the import price saw mild growth. The growth pace was the most rapid in 2019 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($14,082 per ton), while the price for China ($2,769 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Brazil (FOB) - 2024

The average export price for chain and parts thereof, of iron or steel stood at $8,742 per ton in February 2024, jumping by 50% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 212% m-o-m. The export price peaked at $14,524 per ton in October 2023; however, from November 2023 to February 2024, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($39,889 per ton), while the average price for exports to Angola ($4,849 per ton) was amongst the lowest.

From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+44.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Brazil

In 2022, the amount of chain and parts thereof, of iron or steel imported into Brazil expanded markedly to 41K tons, surging by 6.3% on the previous year. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of chain and parts thereof, of iron or steel surged to $159M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Brazil in 2022:

1. China (35.3K tons)
2. United States (1.4K tons)
3. Germany (0.5K tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Brazil

In 2022, approx. 10K tons of chain and parts thereof, of iron or steel were exported from Brazil; picking up by 612% against the previous year's figure. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chain and parts thereof, of iron or steel skyrocketed to $35M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Brazil in 2022:

1. Spain (8.7K tons)
2. Paraguay (0.4K tons)
3. Argentina (0.3K tons)
4. Bolivia (0.2K tons)
5. United States (0.1K tons)
6. Guatemala (0.1K tons)

Source: IndexBox Market Intelligence Platform