Latin America and the Caribbean: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Latin America and the Caribbean

The Latin American stainless steel angle market totaled $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Stainless Steel Angle Production in Latin America and the Caribbean

In value terms, stainless steel angle production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Stainless Steel Angle Exports

Exports in Latin America and the Caribbean

In 2022, the amount of angles, shapes and sections of stainless steel or other alloy steel exported in Latin America and the Caribbean soared to X tons, increasing by X% compared with 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel angle exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) and Costa Rica (X tons) were the main exporters of angles, shapes and sections of stainless steel or other alloy steel in 2022, amounting to approx. X% and X% of total exports, respectively. Peru (X tons) held the next position in the ranking, followed by Guatemala (X tons). All these countries together took near X% share of total exports. Mexico (X tons), Brazil (X tons) and Chile (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Costa Rica ($X) and Peru ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Chile ($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.

Stainless Steel Angle Imports

Imports in Latin America and the Caribbean

Stainless steel angle imports declined to X tons in 2022, which is down by X% compared with 2021 figures. Total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, stainless steel angle imports rose remarkably to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Mexico was the key importing country with an import of about X tons, which amounted to X% of total imports. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (X%), Colombia (X%), Costa Rica (X%) and Guatemala (X%). Trinidad and Tobago (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X) constitutes the largest market for imported angles, shapes and sections of stainless steel or other alloy steel in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

In Mexico, stainless steel angle imports increased at 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: Brazil (X% per year) and Ecuador (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue 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 Brazil ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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