Latin America and the Caribbean: Aluminium Bar Market 2024

Aluminium Bar Market Size in Latin America and the Caribbean

The Latin American aluminium bar market expanded to $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aluminium Bar Production in Latin America and the Caribbean

In value terms, aluminium bar production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Aluminium Bar Exports

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in overseas shipments of aluminium bars, rods and profiles, which increased by X% to X tons in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, aluminium bar exports skyrocketed to $X in 2022. Overall, exports posted buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico was the largest exporter of aluminium bars, rods and profiles in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Ecuador (X tons) ranks second in terms of the total exports with a X% share, followed by the Dominican Republic (X%) and Colombia (X%). Honduras (X tons), Brazil (X tons) and El Salvador (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Honduras (X%), Ecuador (X%), the Dominican Republic (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and El Salvador (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Ecuador (X p.p.) and Honduras (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Dominican Republic (X p.p.), Colombia (X p.p.), Brazil (X p.p.) and El Salvador (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest aluminium bar supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by the Dominican Republic, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Aluminium Bar Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of aluminium bars, rods and profiles increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aluminium bar imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Mexico represented the largest importer of aluminium bars, rods and profiles in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. The Dominican Republic (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Colombia (X%) and Chile (X%). The following importers - Brazil (X tons), Bolivia (X tons), Argentina (X tons), Costa Rica (X tons), Guatemala (X tons) and Panama (X tons) - together made up X% of total imports.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Panama (X%), the Dominican Republic (X%), Bolivia (X%), Peru (X%), Colombia (X%), Brazil (X%), Guatemala (X%), Argentina (X%), Costa Rica (X%) and Chile (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. The Dominican Republic (X p.p.), Peru (X p.p.), Colombia (X p.p.), Chile (X p.p.), Brazil (X p.p.) and Bolivia (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported aluminium bars, rods and profiles in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Mexico, aluminium bar imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Import price indicated a strong expansion 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, aluminium bar import price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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