MERCOSUR: Expanded Metal Market 2024

Expanded Metal Market Size in MERCOSUR

The MERCOSUR expanded metal market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a slight decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Expanded Metal Production in MERCOSUR

In value terms, expanded metal production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports in MERCOSUR

In 2022, after three years of decline, there was significant growth in overseas shipments of iron or steel expanded metal, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a pronounced reduction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, expanded metal exports soared to $X in 2022. Over the period under review, exports, however, saw a pronounced contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina was the key exporter of iron or steel expanded metal in MERCOSUR, with the volume of exports recording X tons, which was near X% of total exports in 2022. Colombia (X tons) held the second position in the ranking, followed by Brazil (X tons). All these countries together held approx. X% share of total exports. Paraguay (X tons) took a minor share of total exports.

Exports from Argentina decreased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) and Paraguay (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.), Brazil (X p.p.) and Paraguay (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) emerged as the largest expanded metal supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina stood at X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced mixed trends in the export price figures.

Expanded Metal Imports

Imports in MERCOSUR

In 2022, expanded metal imports in MERCOSUR fell markedly to X tons, waning by X% against 2021 figures. Over the period under review, imports showed a deep setback. 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 hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, expanded metal imports fell to $X in 2022. Overall, imports showed a mild setback. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil was the key importing country with an import of around X tons, which recorded X% of total imports. Uruguay (X tons) held the second position in the ranking, followed by Peru (X tons), Chile (X tons), Suriname (X tons) and Guyana (X tons). All these countries together took near X% share of total imports. The following importers - Ecuador (X tons) and Venezuela (X tons) - each amounted to an X% share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Suriname (X%), Uruguay (X%), Chile (X%), Venezuela (X%), Guyana (X%) and Peru (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) illustrated a downward trend over the same period. Uruguay (X p.p.), Chile (X p.p.), Peru (X p.p.), Suriname (X p.p.), Venezuela (X p.p.) and Guyana (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported iron or steel expanded metal in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, expanded metal imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Import price indicated a moderate 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, expanded metal import price increased by X% against 2017 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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 Chile ($X per ton), while Suriname ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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