MERCOSUR: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in MERCOSUR

The MERCOSUR market for welded and cold-formed sections of steel was estimated at $X in 2022, approximately equating the previous year. Overall, consumption, however, recorded a mild slump. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Welded And Cold-Formed Sections Of Steel in MERCOSUR

In value terms, welded and cold-formed steel sections production contracted slightly to $X in 2022 estimated in export price. In general, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports in MERCOSUR

In 2022, welded and cold-formed steel sections exports in MERCOSUR contracted markedly to X tons, with a decrease of X% compared with 2021. Overall, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections exports fell rapidly to $X in 2022. In general, exports faced a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) and Chile (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Venezuela (X tons), making up a X% share of total exports. Peru (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Peru (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Colombia ($X) remains the largest welded and cold-formed steel sections supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports. It was followed by Chile, with an X% share.

In Colombia, welded and cold-formed steel sections exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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

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

Imports of Welded And Cold-Formed Sections Of Steel

Imports in MERCOSUR

After two years of decline, supplies from abroad of welded and cold-formed sections of steel increased by X% to X tons in 2022. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections imports soared to $X in 2022. Overall, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile was the largest importing country with an import of around X tons, which resulted at X% of total imports. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%).

Chile was also the fastest-growing in terms of the welded and cold-formed sections of steel imports, with a CAGR of X% from 2012 to 2022. Colombia experienced a relatively flat trend pattern. Argentina (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, Chile ($X) constitutes the largest market for imported welded and cold-formed sections of steel in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports.

In Chile, welded and cold-formed steel sections imports expanded at 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: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated measured growth 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, welded and cold-formed steel sections import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by 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 ($X per ton), while Colombia ($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 a decline in the import price figures.

Source: IndexBox Platform

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