Latin America and the Caribbean: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Latin America and the Caribbean

After two years of growth, the Latin American iron and steel wire market decreased by -X% to $X in 2020. Over the period under review, consumption, however, recorded a mild slump. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Latin America and the Caribbean

In value terms, iron and steel wire production fell modestly to $X in 2020 estimated in export prices. Overall, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of production peaked at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of iron and steel wire production in 2020 were Brazil (X tons), Mexico (X tons) and Venezuela (X tons), together comprising X% of total production. These countries were followed by Ecuador, the Dominican Republic and El Salvador, which together accounted for a further X 2007 to 2020, the biggest increases were in Ecuador, while iron and steel wire production for the other leaders experienced more modest paces of growth.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports in Latin America and the Caribbean

In 2020, after two years of decline, there was significant growth in shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume increased by X% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, iron and steel wire exports stood at $X in 2020. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Mexico was the largest exporting country with an export of around X tons, which accounted for X% of total exports. Brazil (X tons) took the second position in the ranking, distantly followed by El Salvador (X tons). All these countries together occupied near X% share of total exports. Ecuador (X tons), Peru (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to iron and steel wire exports from Mexico stood at +X%. At the same time, Guatemala (+X%), Ecuador (+X%), Peru (+X%) and El Salvador (+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 2007-2020. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.) and Ecuador (+X p.p.) increased significantly in terms of the total exports from 2007-2020, 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 ($X) remains the largest iron and steel wire supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by El Salvador, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Mexico stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and El Salvador (+X% per year).

Export Prices by Country

In 2020, the iron and steel wire export price in Latin America and the Caribbean amounted to $X per ton, reducing by -X% against the previous year. In general, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Brazil ($X per ton) and Peru ($X per ton), while Guatemala ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru, while the other leaders experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports in Latin America and the Caribbean

In 2020, after two years of growth, there was decline in overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. Total imports indicated a tangible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports contracted to $X in 2020. Total imports indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Brazil (X tons) and Mexico (X tons) were the largest importers of wire of iron or non-alloy steel (stainless steel or other alloy steel) in 2020, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Chile (X tons), Argentina (X tons), Costa Rica (X tons), Guatemala (X tons), Colombia (X tons), Paraguay (X tons) and Peru (X tons), together mixing up a X% share of total imports.

From 2007 to 2020, the biggest increases were in Peru, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Costa Rica ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

Costa Rica recorded the highest rates of growth with regard to the value of imports, among 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 iron and steel wire import price in Latin America and the Caribbean stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Costa Rica ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Costa Rica, while the other leaders experienced more modest paces of growth.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :