Brazil: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Brazil

The Brazilian cold-rolled steel products market reduced rapidly to $X in 2022, waning by -41.5% 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 saw a perceptible downturn. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Cold-Rolled Steel Products Exports

Exports from Brazil

In 2022, overseas shipments of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 25% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cold-rolled steel products exports skyrocketed to $X in 2022. Overall, exports, however, saw a perceptible contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), Argentina (X tons) and the UK (X tons) were the main destinations of cold-rolled steel products exports from Brazil, together comprising 58% of total exports. Portugal, Mexico, Spain, Colombia, Chile, the United States, Bolivia, Italy, Uruguay and Germany lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +89.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Argentina ($X) and Mexico ($X) constituted the largest markets for cold-rolled steel products exported from Brazil worldwide, with a combined 60% share of total exports. The United States, the UK, Portugal, Spain, Uruguay, Italy, Colombia, Chile, Bolivia and Germany lagged somewhat behind, together accounting for a further 33%.

Portugal, with a CAGR of +98.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, growing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Colombia ($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 Germany (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Brazil

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were imported into Brazil; with a decrease of -25.1% compared with 2021 figures. In general, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 117%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cold-rolled steel products imports expanded sharply to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 116%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cold-rolled steel products to Brazil, accounting for a 63% share of total imports. Moreover, cold-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by Indonesia (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.9% per year) and Indonesia (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Brazil, comprising 51% of total imports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total imports. It was followed by Indonesia, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+2.3% per year) and Indonesia (+15.7% per year).

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, rising by 40% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +82.7% against 2017 indices. 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 the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :