MERCOSUR: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in MERCOSUR

The MERCOSUR ferro-titanium and ferro-silico-titanium market reduced dramatically to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, posted notable growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Production in MERCOSUR

In value terms, ferro-titanium and ferro-silico-titanium production surged to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in MERCOSUR

In 2023, the amount of ferro-titanium and ferro-silico-titanium exported in MERCOSUR soared to X tons, picking up by X% on the year before. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium exports surged to $X in 2023. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Brazil dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Chile (X tons) took a little share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Brazil ($X) remains the largest ferro-titanium and ferro-silico-titanium supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in MERCOSUR

In 2023, the amount of ferro-titanium and ferro-silico-titanium imported in MERCOSUR plummeted to X tons, waning by X% compared with 2022 figures. Over the period under review, imports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports declined rapidly to $X in 2023. In general, imports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then dropped markedly in the following year.

Imports by Country

In 2023, Brazil (X tons) was the key importer of ferro-titanium and ferro-silico-titanium, creating X% of total imports. It was distantly followed by Argentina (X tons), comprising a X% share of total imports. Chile (X tons) held a minor share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Chile (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Argentina (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Chile (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported ferro-titanium and ferro-silico-titanium in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

In Brazil, ferro-titanium and ferro-silico-titanium imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform