Latin America and the Caribbean: Expanded Metal Market 2024

Expanded Metal Market Size in Latin America and the Caribbean

The Latin American expanded metal market contracted to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X, and then declined in the following year.

Expanded Metal Production in Latin America and the Caribbean

In value terms, expanded metal production dropped 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; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. 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, and then declined in the following year.

Expanded Metal Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of iron or steel expanded metal were exported in Latin America and the Caribbean; with a decrease of X% on the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, expanded metal exports contracted to $X in 2022. Overall, exports, however, showed a pronounced increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Mexico prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), generating a X% share of total exports. El Salvador (X tons), Costa Rica (X tons) and Colombia (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of iron or steel expanded metal. At the same time, El Salvador (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of El Salvador (X p.p.) and Costa Rica (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.), Mexico (X p.p.) and Colombia (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest expanded metal supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by El Salvador, with a X% share.

In Mexico, expanded metal exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and El Salvador (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by X% against the previous year. Export price indicated a moderate 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, expanded metal export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Mexico ($X per ton) and Costa Rica ($X per ton), while Colombia ($X per ton) and Argentina ($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 mixed trends in the export price figures.

Expanded Metal Imports

Imports in Latin America and the Caribbean

In 2022, the amount of iron or steel expanded metal imported in Latin America and the Caribbean contracted to X tons, remaining stable against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, expanded metal imports soared to $X in 2022. Total imports indicated a pronounced 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 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons), distantly followed by Brazil (X tons), Honduras (X tons), Costa Rica (X tons), El Salvador (X tons) and the Dominican Republic (X tons) represented the key importers of iron or steel expanded metal, together making up X% of total imports. Nicaragua (X tons), Haiti (X tons), Uruguay (X tons), Panama (X tons), Peru (X tons), Guatemala (X tons) and Chile (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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, Mexico ($X) constitutes the largest market for imported iron or steel expanded metal in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by El Salvador, with a X% share.

In Mexico, expanded metal 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 El Salvador (X% per year).

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. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached 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 Chile ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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