Latin America and the Caribbean: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Latin America and the Caribbean

The Latin American non-alloy steel u-section market declined modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Alloy Steel U-Section Production in Latin America and the Caribbean

In value terms, non-alloy steel u-section production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Alloy Steel U-Section Exports

Exports in Latin America and the Caribbean

In 2022, exports of u-sections of non-alloy steel in Latin America and the Caribbean skyrocketed to X tons, increasing by X% compared with 2021 figures. Total exports indicated a perceptible increase 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel u-section exports surged to $X in 2022. In general, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Guatemala (X tons), Honduras (X tons) and Brazil (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-alloy steel u-section exports from Mexico stood at X%. At the same time, Guatemala (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, non-alloy steel u-section 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: Guatemala (X% per year) and Brazil (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. Export price indicated a noticeable increase 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, non-alloy steel u-section export price increased by X% against 2020 indices. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while Honduras ($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.

Non-Alloy Steel U-Section Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of u-sections of non-alloy steel were imported in Latin America and the Caribbean; which is down by X% compared with 2021 figures. In general, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-alloy steel u-section imports soared to $X in 2022. Overall, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the key importer of u-sections of non-alloy steel, making up X% of total imports. Mexico (X tons) took the second position in the ranking, distantly followed by Colombia (X tons), Uruguay (X tons), Chile (X tons) and Peru (X tons). All these countries together took approx. X% share of total imports. The Dominican Republic (X tons), Guatemala (X tons), Panama (X tons), Brazil (X tons), Trinidad and Tobago (X tons), Honduras (X tons) and Guyana (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-alloy steel u-section imports into Argentina stood at X%. At the same time, Panama (X%), Guyana (X%), the Dominican Republic (X%), Honduras (X%) and Trinidad and Tobago (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Uruguay experienced a relatively flat trend pattern. By contrast, Guatemala (X%), Colombia (X%), Chile (X%), Brazil (X%), Peru (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina, Panama, Uruguay and the Dominican Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X), Mexico ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Uruguay, Chile, Peru, the Dominican Republic, Guatemala, Panama, Brazil, Honduras, Guyana and Trinidad and Tobago lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Import price indicated a pronounced 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, non-alloy steel u-section import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Trinidad and Tobago ($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

Frequently Asked Questions (FAQ) :