Latin America and the Caribbean: Stranded Wire Market 2024

Stranded Wire Market Size in Latin America and the Caribbean

The Latin American stranded wire market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Stranded Wire Production in Latin America and the Caribbean

In value terms, stranded wire production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Stranded Wire Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of stranded wire, ropes and cables was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire exports surged to $X in 2022. Overall, exports continue to indicate a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico represented the main exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Brazil (X tons), Chile (X tons) and Colombia (X tons), together constituting a X% share of total exports. The following exporters - Argentina (X tons), Costa Rica (X tons) and Peru (X tons) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Colombia (X%), Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia, Argentina and Brazil saw its share reduced by X%, 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 ($X) remains the largest stranded wire supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Chile, with an X% share.

In Mexico, stranded wire 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: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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

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

Stranded Wire Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of stranded wire, ropes and cables increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, stranded wire imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Brazil (X tons) and Mexico (X tons) were the key importers of stranded wire, ropes and cables in Latin America and the Caribbean, together generating X% of total imports. Colombia (X tons) ranks next in terms of the total imports with a X% share, followed by Chile (X%) and Peru (X%). Argentina (X tons), Costa Rica (X tons), Paraguay (X tons), Ecuador (X tons), Panama (X tons), the Dominican Republic (X tons) and Bolivia (X tons) followed a long way behind the leaders.

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 stranded wire importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), together comprising X% of total imports. Chile, Peru, Argentina, Costa Rica, the Dominican Republic, Paraguay, Ecuador, Panama and Bolivia lagged somewhat behind, together comprising a further X%.

Panama, with a CAGR of X%, saw 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, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. 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 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 Costa Rica (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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