Latin America and the Caribbean: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Latin America and the Caribbean

In 2022, the Latin American threaded copper articles market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Threaded Copper Articles Production in Latin America and the Caribbean

In value terms, threaded copper articles production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Threaded Copper Articles Exports

Exports in Latin America and the Caribbean

In 2022, the amount of threaded articles of copper exported in Latin America and the Caribbean soared to X tons, growing by X% compared with the previous year's figure. Over the period under review, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, threaded copper articles exports surged to $X in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the threaded articles of copper exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points.

In value terms, Mexico ($X) remains the largest threaded copper articles supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, threaded copper articles exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

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

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

Threaded Copper Articles Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of threaded articles of copper increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a pronounced expansion 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 was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, threaded copper articles imports skyrocketed to $X in 2022. Total imports indicated prominent growth 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 see steady growth in the immediate term.

Imports by Country

Mexico represented the major importer of threaded articles of copper in Latin America and the Caribbean, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Guyana (X tons) took the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held near X% share of total imports. The following importers - Guatemala (X tons), Costa Rica (X tons), Ecuador (X tons), Colombia (X tons) and the Dominican Republic (X tons) - together made up X% of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Guyana (X%), Guatemala (X%), Costa Rica (X%), the Dominican Republic (X%), Brazil (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guyana and Guatemala increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported threaded articles of copper in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Guyana, with a X% share.

In Mexico, threaded copper articles imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Guyana (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 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 Mexico ($X per ton), while Guyana ($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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