Brazil: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Brazil

In 2020, the Brazilian iron and steel wire market decreased by -X% to $X, falling for the ninth consecutive year after two years of growth. In general, consumption continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Brazil

In value terms, iron and steel wire production reduced modestly to $X in 2020 estimated in export prices. Over the period under review, production recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Brazil

In 2020, overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the third year in a row after three years of growth. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, iron and steel wire exports shrank to $X in 2020. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for iron and steel wire exports from Brazil, accounting for a X% share of total exports. Moreover, iron and steel wire exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), twofold. The third position in this ranking was occupied by Bolivia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-X% per year) and Bolivia (+X% per year).

In value terms, Argentina ($X) remains the key foreign market for iron and steel wire exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Paraguay ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-X% per year) and Bolivia (+X% per year).

Export Prices by Country

In 2020, the average iron and steel wire export price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Brazil

In 2020, after two years of growth, there was significant decline in supplies from abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports contracted to $X in 2020. Overall, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of iron and steel wire to Brazil, accounting for a X% share of total imports. Moreover, iron and steel wire imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. The U.S. (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) constituted the largest supplier of iron and steel wire to Brazil, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, approximately equating the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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