Brazil: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Brazil

In 2022, the Brazilian market for hot-rolled wire rod in coil of stainless steel increased by 53% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.0% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2013; afterwards, it flattened through to 2022.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Brazil

In 2022, approx. X tons of hot-rolled wire rod in coil of stainless steel were exported from Brazil; growing by 13% on 2021 figures. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 610%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports expanded rapidly to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 301%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for hot-rolled wire stainless steel rod exports from Brazil, with a 84% share of total exports. Moreover, hot-rolled wire stainless steel rod exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +21.2%.

In value terms, the United States ($X) remains the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Brazil, comprising 87% of total exports. The second position in the ranking was held by Argentina ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +13.2%.

Export Prices by Country

In 2022, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, waning by -5.4% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 47%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Brazil

In 2022, after four years of decline, there was significant growth in overseas purchases of hot-rolled wire rod in coil of stainless steel, when their volume increased by 27% to X tons. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 66% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports soared to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 70% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of hot-rolled wire stainless steel rod to Brazil, accounting for a 48% share of total imports. Moreover, hot-rolled wire stainless steel rod imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by China (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.7% per year) and China (+6.2% per year).

In value terms, the largest hot-rolled wire stainless steel rod suppliers to Brazil were India ($X), Italy ($X) and China ($X), with a combined 78% share of total imports.

In terms of the main suppliers, India, with a CAGR of +13.3%, recorded the highest growth rate of 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

In 2022, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, surging by 33% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :