Latin America and the Caribbean: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Latin America and the Caribbean

The Latin American mill rolling roll market stood at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a drastic downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Production in Latin America and the Caribbean

In value terms, mill rolling roll production declined rapidly to $X in 2022 estimated in export price. In general, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Mill Rolling Roll Exports

Exports in Latin America and the Caribbean

In 2022, exports of rolls for rolling mills in Latin America and the Caribbean expanded sharply to X units, surging by X% against the previous year's figure. In general, exports recorded a modest expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, mill rolling roll exports expanded sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the largest exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Argentina (X units), achieving a X% share of total exports.

Brazil was also the fastest-growing in terms of the rolls for rolling mills exports, with a CAGR of X% from 2012 to 2022. Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest mill rolling roll supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, remaining stable against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Brazil ($X per unit), while Argentina totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Mill Rolling Roll Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of rolls for rolling mills increased by X% to X units, rising for the sixth year in a row after four years of decline. In general, imports recorded tangible growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, mill rolling roll imports soared to $X in 2022. Over the period under review, imports, however, showed a noticeable descent. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the main importing country with an import of about X units, which accounted for X% of total imports. Mexico (X units) ranks second in terms of the total imports with a X% share, followed by Argentina (X%). Bolivia (X units) held a little share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Bolivia (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. 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, the largest mill rolling roll importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together comprising X% of total imports. These countries were followed by Bolivia, which accounted for a further X%.

Among the main importing countries, Bolivia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Argentina ($X per unit), while Bolivia ($X per unit) 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 a decline in the import price figures.

Source: IndexBox Platform