MERCOSUR: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in MERCOSUR

The MERCOSUR metal welded link chain market skyrocketed to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in MERCOSUR

In value terms, metal welded link chain production contracted to $X in 2023 estimated in export price. Overall, production continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports in MERCOSUR

In 2023, metal welded link chain exports in MERCOSUR contracted rapidly to X tons, reducing by X% against 2022. Over the period under review, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal welded link chain exports declined remarkably to $X in 2023. In general, exports saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) represented roughly X% of total exports in 2023.

Brazil was also the fastest-growing in terms of the welded link chain of iron or steel exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Brazil increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest metal welded link chain supplier in MERCOSUR.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild setback. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.

Imports of Welded Link Chain Of Iron Or Steel

Imports in MERCOSUR

In 2023, overseas purchases of welded link chain of iron or steel increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a perceptible increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, metal welded link chain imports skyrocketed to $X in 2023. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

Brazil represented the largest importer of welded link chain of iron or steel in MERCOSUR, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Chile (X tons) took the second position in the ranking, distantly followed by Peru (X tons). All these countries together held near X% share of total imports. Argentina (X tons), Colombia (X tons) and Ecuador (X tons) took a relatively small share of total imports.

Brazil was also the fastest-growing in terms of the welded link chain of iron or steel imports, with a CAGR of X% from 2012 to 2023. At the same time, Colombia (X%), Peru (X%) and Argentina (X%) displayed positive paces of growth. Ecuador experienced a relatively flat trend pattern. By contrast, Chile (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Chile saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, metal welded link chain imports increased 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: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform