Brazil: Flat-Rolled Steel Products Market 2024

Flat-Rolled Steel Products Market Size in Brazil

The Brazilian flat-rolled steel products market rose notably to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Flat-Rolled Steel Products Production in Brazil

In value terms, flat-rolled steel products production rose markedly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Flat-Rolled Steel Products Exports

Exports from Brazil

Flat-rolled steel products exports from Brazil shrank notably to X tons in 2023, declining by X% compared with 2022. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, flat-rolled steel products exports declined notably to $X in 2023. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for flat-rolled steel products exports from Brazil, accounting for a X% share of total exports. Moreover, flat-rolled steel products exports to Mexico exceeded the volume sent to the second major destination, Chile (X tons), twofold. Venezuela (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Venezuela (X% per year).

In value terms, Mexico ($X) remains the key foreign market for flat-rolled products of iron or non-alloy steel exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Venezuela (X% per year).

Export Prices by Country

The average flat-rolled steel products export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Brazil

In 2023, imports of flat-rolled products of iron or non-alloy steel into Brazil skyrocketed to X tons, rising by X% on the previous year's figure. Overall, imports saw significant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports reduced slightly to $X in 2023. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then shrank in the following year.

Imports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of flat-rolled steel products imports to Brazil, with a combined X% share of total imports. The Netherlands and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Germany ($X) constituted the largest flat-rolled steel products suppliers to Brazil, with a combined X% share of total imports. The Netherlands and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average flat-rolled steel products import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flat-rolled steel products import price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform