Latin America and the Caribbean: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Latin America and the Caribbean

The Latin American market for tubes, pipes and hollow profiles (of iron or steel) expanded to $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Latin America and the Caribbean

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) contracted slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports in Latin America and the Caribbean

In 2022, shipments abroad of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2022. Over the period under review, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico was the main exporter of tubes, pipes and hollow profiles (of iron or steel) in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Brazil (X tons) took the second position in the ranking, distantly followed by Guatemala (X tons). All these countries together took approx. X% share of total exports. The following exporters - Honduras (X tons), Costa Rica (X tons), Argentina (X tons) and Colombia (X tons) - each amounted to a X% share of total exports.

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

In value terms, Mexico ($X) remains the largest iron or steel pipe and tube supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Guatemala (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. In general, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

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

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports in Latin America and the Caribbean

In 2022, purchases abroad of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2022. Overall, imports, however, showed a mild descent. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons), distantly followed by Colombia (X tons), Brazil (X tons), Peru (X tons), Chile (X tons) and Ecuador (X tons) represented the largest importers of tubes, pipes and hollow profiles (of iron or steel), together generating X% of total imports. The following importers - Argentina (X tons), El Salvador (X tons), Guatemala (X tons), Panama (X tons), Honduras (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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 ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Chile, Argentina, Ecuador, Peru, El Salvador, Costa Rica, Guatemala, Panama, the Dominican Republic and Honduras lagged somewhat behind, together accounting for 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, rising 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.

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