Puerto Rico: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Puerto Rico

The Puerto Rican hot-rolled silico-manganese steel bar market amounted to less than $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Puerto Rico

Hot-rolled silico-manganese steel bar exports from Puerto Rico was estimated at less than X kg in 2021, therefore, remained relatively stable against 2020. Overall, exports recorded a relatively flat trend pattern.

In value terms, hot-rolled silico-manganese steel bar exports totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, Russia (X tons) was the main exporter of hot-rolled bars of silico-manganese steel, achieving 34% of total exports. Italy (X tons) held the second position in the ranking, followed by South Korea (X tons), Japan (X tons), Germany (X tons), France (X tons) and Belarus (X tons). All these countries together took approx. 47% share of total exports. Egypt (X tons), Sweden (X tons), Kyrgyzstan (X tons), China (X tons) and Moldova (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hot-rolled silico-manganese steel bar exports from Russia stood at -6.6%. At the same time, Kyrgyzstan (+188.5%), Egypt (+52.0%), Japan (+38.2%), South Korea (+13.3%), France (+8.3%) and Germany (+7.5%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +188.5% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Sweden (-3.3%), China (-11.5%), Belarus (-23.3%) and Moldova (-25.3%) illustrated a downward trend over the same period. While the share of Japan (+9.5 p.p.), South Korea (+7.7 p.p.), Germany (+5.6 p.p.), France (+3.7 p.p.), Egypt (+3.3 p.p.), Kyrgyzstan (+3 p.p.) and Italy (+2.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-2.6 p.p.), Belarus (-6.2 p.p.), Moldova (-9.1 p.p.) and Russia (-13.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), South Korea ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 53% share of total exports. Japan, Germany, France, Egypt, Sweden, China, Kyrgyzstan, Belarus and Moldova lagged somewhat behind, together comprising a further 39%.

In terms of the main exporting countries, Kyrgyzstan, with a CAGR of +147.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other leaders experienced mixed trends in the export price figures.

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Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Puerto Rico

In 2021, the amount of hot-rolled bars of silico-manganese steel imported into Puerto Rico stood at less than X kg, standing approx. at 2020 figures. In general, imports recorded a relatively flat trend pattern.

In value terms, hot-rolled silico-manganese steel bar imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

Kazakhstan represented the main importer of hot-rolled bars of silico-manganese steel in the world, with the volume of imports reaching X tons, which was approx. 27% of total imports in 2021. It was distantly followed by Uzbekistan (X tons), Spain (X tons), France (X tons), the Philippines (X tons) and Tajikistan (X tons), together generating a 33% share of total imports. The following importers - China (X tons), Indonesia (X tons), the UK (X tons), Belarus (X tons), Germany (X tons), Thailand (X tons) and Poland (X tons) - together made up 22% of total imports.

Imports into Kazakhstan decreased at an average annual rate of -6.6% from 2012 to 2021. At the same time, the Philippines (+41.7%), Thailand (+33.4%), China (+17.5%), Spain (+13.1%), Tajikistan (+8.6%), France (+8.2%), Germany (+5.8%) and Belarus (+4.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +41.7% from 2012-2021. By contrast, Indonesia (-2.4%), the UK (-4.9%), Poland (-7.9%) and Uzbekistan (-33.0%) illustrated a downward trend over the same period. Uzbekistan (+8.3 p.p.), the Philippines (+6.1 p.p.), Spain (+5.7 p.p.), France (+4.3 p.p.), China (+3.7 p.p.), Tajikistan (+3.1 p.p.), Thailand (+2.5 p.p.), Germany (+1.6 p.p.) and Belarus (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Kazakhstan saw its share reduced by -8.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported hot-rolled bars of silico-manganese steel into Puerto Rico, comprising 21% of global imports. The second position in the ranking was held by Spain ($X), with a 9.2% share of global imports. It was followed by France, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to -5.8%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (+13.8% per year) and France (+5.9% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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