Brazil: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

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

The Brazilian hot-rolled silico-manganese steel bar market soared to $X in 2021, rising by 1,163% 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). Overall, consumption, however, showed a abrupt descent. Hot-rolled silico-manganese steel bar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Brazil

In 2021, the amount of hot-rolled bars of silico-manganese steel exported from Brazil surged to X tons, increasing by 311% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 15,250% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar exports skyrocketed to $X in 2021. Overall, exports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 13,387%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X kg), Argentina (X kg) and Bolivia (X kg) were the main destinations of hot-rolled silico-manganese steel bar exports from Brazil, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +65.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hot-rolled silico-manganese steel bar exported from Brazil were Paraguay ($X), Bolivia ($X) and Argentina ($X), with a combined 93% share of total exports.

Argentina, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, falling by -25.7% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 350%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+307.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Brazil

In 2021, the amount of hot-rolled bars of silico-manganese steel imported into Brazil skyrocketed to X tons, jumping by 1,009% against 2020 figures. In general, imports, however, saw a deep downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar imports surged to $X in 2021. Over the period under review, imports, however, saw a deep slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Brazil, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +65.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Vietnam ($X) and China ($X) constituted the largest hot-rolled silico-manganese steel bar suppliers to Brazil, with a combined 84% share of total imports.

Among the main suppliers, China, with a CAGR of +57.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, increasing by 39% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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