MERCOSUR: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2024

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in MERCOSUR

In 2023, the MERCOSUR market for hot-rolled wire rod in coil of stainless steel increased by X% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in MERCOSUR

In value terms, hot-rolled wire stainless steel rod production declined slightly to $X in 2023 estimated in export price. In general, production, however, posted a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in MERCOSUR

In 2023, after two years of growth, there was significant decline in shipments abroad of hot-rolled wire rod in coil of stainless steel, when their volume decreased by X% to X tons. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports expanded remarkably to $X in 2023. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Peru (X tons) was the major exporter of hot-rolled wire rod in coil of stainless steel, committing X% of total exports. It was distantly followed by Brazil (X tons), comprising a X% share of total exports. Chile (X tons) took a little share of total exports.

Peru was also the fastest-growing in terms of the hot-rolled wire rod in coil of stainless steel exports, with a CAGR of X% from 2012 to 2023. At the same time, Chile (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.) and Chile (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Brazil (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Peru (X% per year) and Chile (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($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 more modest paces of growth.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in MERCOSUR

In 2023, supplies from abroad of hot-rolled wire rod in coil of stainless steel increased by X% to X tons, rising for the second consecutive year after four years of decline. Total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, hot-rolled wire stainless steel rod imports rose to $X in 2023. Total imports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

Brazil prevails in imports structure, finishing at X tons, which was near X% of total imports in 2023. Guyana (X tons) took 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, Guyana (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) and Guyana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Guyana ($X), with a X% share of total imports.

In Brazil, hot-rolled wire stainless steel rod imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Guyana totaled $X per ton.

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

Source: IndexBox Platform