Latin America and the Caribbean: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Latin America and the Caribbean

The Latin American concrete reinforcing bar market fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Concrete Reinforcing Bar Production in Latin America and the Caribbean

In value terms, concrete reinforcing bar production contracted 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 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports in Latin America and the Caribbean

Concrete reinforcing bar exports was estimated at X tons in 2022, with an increase of X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, concrete reinforcing bar exports skyrocketed to $X in 2022. Total exports indicated a notable 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. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons) and Mexico (X tons) were the key exporters of concrete reinforcing bars in 2022, reaching near X% and X% of total exports, respectively. Peru (X tons) ranks next in terms of the total exports with a X% share, followed by the Dominican Republic (X%), Costa Rica (X%) and Guatemala (X%). El Salvador (X tons) and Argentina (X tons) held a little share of total exports.

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

In value terms, the largest concrete reinforcing bar supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and the Dominican Republic ($X), together accounting for X% of total exports.

Among the main exporting countries, the Dominican Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Export price indicated a mild 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, concrete reinforcing bar export price increased by X% against 2020 indices. 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 gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Guatemala ($X per ton) and Mexico ($X per ton), while Peru ($X per ton) and Brazil ($X per ton) were 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.

Concrete Reinforcing Bar Imports

Imports in Latin America and the Caribbean

In 2022, imports of concrete reinforcing bars in Latin America and the Caribbean reduced notably to X tons, with a decrease of X% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, concrete reinforcing bar imports shrank to $X in 2022. Total imports indicated a noticeable expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, Peru (X tons), Bolivia (X tons), Colombia (X tons), Brazil (X tons), Panama (X tons), Chile (X tons), the Dominican Republic (X tons), Guatemala (X tons), Mexico (X tons), Honduras (X tons), Haiti (X tons) and Nicaragua (X tons) was the key importer of concrete reinforcing bars in Latin America and the Caribbean, achieving X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing bar importing markets in Latin America and the Caribbean were Peru ($X), Bolivia ($X) and Colombia ($X), with a combined X% share of total imports. Brazil, Mexico, Panama, Chile, Honduras, Guatemala, the Dominican Republic, Nicaragua and Haiti lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated slight growth 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, concrete reinforcing bar 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Haiti ($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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