Brazil: Market for Iron or Steel Wire Products 2024

Market Size for Iron or Steel Wire Products in Brazil

The Brazilian market for iron or steel wire products contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Wire Products in Brazil

In value terms, iron or steel wire product production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Iron or steel wire product production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron or Steel Wire Products

Exports from Brazil

Iron or steel wire product exports from Brazil reduced to X tons in 2022, falling by X% compared with 2021 figures. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, iron or steel wire product exports amounted to $X in 2022. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons), the United States (X tons) and Bolivia (X tons) were the main destinations of iron or steel wire product exports from Brazil, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), the United States ($X) and Bolivia ($X) appeared to be the largest markets for iron or steel wire product exported from Brazil worldwide, with a combined X% share of total exports.

Among the main countries of destination, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for iron or steel wire products amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Wire Products

Imports into Brazil

In 2022, the amount of iron or steel wire products imported into Brazil contracted notably to X tons, reducing by X% against the previous year's figure. In general, imports showed a mild reduction. 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 remained at a lower figure.

In value terms, iron or steel wire product imports declined to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel wire product to Brazil, with a X% share of total imports. Moreover, iron or steel wire product imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wire products to Brazil, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average import price for iron or steel wire products stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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