MERCOSUR: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in MERCOSUR

The MERCOSUR hot-rolled steel products market fell to $X in 2022, dropping by X% against the previous year. In general, consumption showed a perceptible shrinkage. 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.

Hot-Rolled Steel Products Production in MERCOSUR

In value terms, hot-rolled steel products production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports in MERCOSUR

In 2022, shipments abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a mild expansion. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled steel products exports skyrocketed to $X in 2022. Total exports indicated a moderate expansion 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, exports 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 export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Argentina (X tons) held a relatively small share of total exports.

Brazil was also the fastest-growing in terms of the flat-rolled products of iron or steel (not further worked than hot-rolled) exports, with a CAGR of X% from 2012 to 2022. Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest hot-rolled steel products supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a mild 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, hot-rolled steel products export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil stood at $X per ton.

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

Hot-Rolled Steel Products Imports

Imports in MERCOSUR

In 2022, imports of flat-rolled products of iron or steel (not further worked than hot-rolled) in MERCOSUR fell notably to X tons, dropping by X% compared with 2021 figures. In general, imports showed a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, hot-rolled steel products imports rose slightly to $X in 2022. Overall, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of hot-rolled steel products imports in 2022 were Colombia (X tons), Chile (X tons), Brazil (X tons), Peru (X tons) and Ecuador (X tons), together reaching X% of total import. It was distantly followed by Argentina (X tons), constituting a X% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel products importing markets in MERCOSUR were Colombia ($X), Chile ($X) and Brazil ($X), together accounting for X% of total imports. Peru, Ecuador, Argentina and Paraguay lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 MERCOSUR amounted to $X per ton, surging by X% against the previous year. Import price indicated a noticeable 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, hot-rolled steel products import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Argentina ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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