Brazil: Iron Angle Market 2024

Iron Angle Market Size in Brazil

In 2022, the Brazilian iron angle market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption showed a abrupt contraction. Iron angle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Iron Angle Production in Brazil

In value terms, iron angle production declined slightly to $X in 2022 estimated in export price. Overall, production faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Iron angle production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Iron Angle Exports

Exports from Brazil

In 2022, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron angle exports surged to $X in 2022. Over the period under review, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for iron angle exports from Brazil, with a X% share of total exports. Moreover, iron angle exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), fivefold. The Dominican Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and the Dominican Republic (X% per year).

In value terms, Argentina ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the average iron angle export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Brazil

After three years of growth, supplies from abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by X% to X tons in 2022. Overall, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, iron angle imports shrank sharply to $X in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Germany (X tons) were the main suppliers of iron angle imports to Brazil, together comprising X% of total imports. Argentina, Spain, Italy, the United States and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest iron angle suppliers to Brazil were Turkey ($X), China ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average iron angle import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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