Brazil - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in Brazil - 2024
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Brazil (FOB) - 2024
- Price for Hot-Rolled Wire Rod in Coils in Brazil (CIF) - 2022
- Exports of Hot-Rolled Wire Rod in Coils in Brazil
- Imports of Hot-Rolled Wire Rod in Coils in Brazil
Price for Hot-Rolled Wire Rod in Coils in Brazil (FOB) - 2024
The average export price for hot-rolled wire rods in coils stood at $711 per ton in February 2024, falling by -4.7% against the previous month. Over the period under review, the export price continues to indicate a slight contraction. The growth pace was the most rapid in July 2023 when the average export price increased by 8.7% month-to-month. Over the period under review, the average export prices attained the maximum at $875 per ton in February 2023; however, from March 2023 to February 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was Canada ($1,584 per ton), while the average price for exports to the Dominican Republic ($580 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Brazil (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $1,080 per ton in 2022, increasing by 33% against the previous year. Over the period under review, the import price recorded a noticeable expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 55% against the previous year. The import price peaked at $1,830 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($5,938 per ton), while the price for Russia ($701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Wire Rod in Coils in Brazil
In 2022, overseas shipments of hot-rolled wire rods in coils increased by 38% to 376K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a mild decline.
In value terms, hot-rolled wire rod in coils exports soared to $349M in 2022. In general, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.4 | 67.5 | 99.3 | 126 | 18.1% |
| Peru | 37.2 | 18.7 | 11.8 | 52.0 | 11.8% |
| Dominican Republic | 4.9 | 9.5 | 5.3 | 32.3 | 87.5% |
| Argentina | 9.9 | 9.5 | 26.1 | 23.0 | 32.4% |
| Chile | 5.0 | N/A | 3.6 | 22.4 | 64.9% |
| Colombia | 17.3 | 17.6 | 22.5 | 21.6 | 7.7% |
| Bolivia | 9.9 | 3.1 | 9.0 | 21.2 | 28.9% |
| Senegal | N/A | N/A | N/A | 12.0 | 0% |
| Ecuador | 19.7 | 11.8 | 4.8 | 12.0 | -15.2% |
| Paraguay | 3.3 | 2.9 | 6.2 | 10.6 | 47.5% |
| Taiwan (Chinese) | 8.2 | 1.3 | 4.0 | N/A | -30.2% |
| Italy | 14.1 | 4.7 | N/A | N/A | -66.7% |
| Others | 33.8 | 20.3 | 9.0 | 16.3 | -21.6% |
| Total | 240 | 167 | 202 | 349 | 13.3% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Brazil in 2022:
- United States (104.4K tons)
- Peru (67.5K tons)
- Dominican Republic (39.8K tons)
- Chile (27.2K tons)
- Argentina (26.5K tons)
- Bolivia (26.0K tons)
- Colombia (24.3K tons)
- Senegal (14.0K tons)
- Ecuador (13.6K tons)
- Paraguay (11.8K tons)
Imports of Hot-Rolled Wire Rod in Coils in Brazil
In 2022, approx. 155K tons of hot-rolled wire rods in coils were imported into Brazil; which is down by -47.1% against the previous year. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 914%. As a result, imports attained the peak of 293K tons, and then dropped remarkably in the following year.
In value terms, hot-rolled wire rod in coils imports contracted notably to $168M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 703% against the previous year. As a result, imports reached the peak of $238M, and then shrank significantly in the following year.
| Import of Hot-Rolled Wire Rod in Coils in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 1.2 | 16.6 | 42.2 | 133.8% |
| Egypt | N/A | N/A | 74.7 | 32.8 | -56.1% |
| Turkey | 16.2 | N/A | 96.3 | 31.0 | 24.2% |
| Germany | 9.4 | 4.6 | 8.1 | 19.0 | 26.4% |
| India | 7.5 | 8.4 | 5.2 | 11.4 | 15.0% |
| Malaysia | N/A | 4.4 | 1.8 | 8.1 | 35.7% |
| Russia | N/A | N/A | N/A | 3.7 | 0% |
| Ukraine | 2.9 | N/A | 19.6 | N/A | 160.0% |
| Others | 13.0 | 10.9 | 15.5 | 19.4 | 14.3% |
| Total | 52.4 | 29.6 | 238 | 168 | 47.5% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Brazil in 2022:
- Egypt (39.5K tons)
- China (37.5K tons)
- Turkey (34.8K tons)
- Germany (14.0K tons)
- Malaysia (10.5K tons)
- Russia (5.3K tons)
- India (3.8K tons)
This report provides an in-depth analysis of the hot-rolled wire rod market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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