Brazil: Market for Iron and Steel Wire 2025

Market Size for Iron and Steel Wire in Brazil

In 2021, the Brazilian iron and steel wire market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Iron and Steel Wire in Brazil

In value terms, iron and steel wire production surged to $X in 2021 estimated in export price. Overall, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 19%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Iron and Steel Wire

Exports from Brazil

In 2021, overseas shipments of iron and steel wire decreased by -1.8% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, iron and steel wire exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X tons), Paraguay (X tons) and Bolivia (X tons) were the main destinations of iron and steel wire exports from Brazil, together comprising 71% of total exports. Uruguay, Guatemala, Japan, the United States and Costa Rica lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +141.7%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for iron and steel wire exports from Brazil, comprising 36% of total exports. The second position in the ranking was taken by Paraguay ($X), with an 18% share of total exports. It was followed by Bolivia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-0.9% per year) and Bolivia (+0.3% per year).

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($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 United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron and Steel Wire

Imports into Brazil

Iron and steel wire imports into Brazil soared to X tons in 2021, picking up by 121% on 2020. Over the period under review, imports saw a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire imports soared to $X in 2021. Overall, imports saw a noticeable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of iron and steel wire to Brazil, accounting for a 54% share of total imports. Moreover, iron and steel wire imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.6% per year) and the United States (+10.2% per year).

In value terms, China ($X) constituted the largest supplier of iron and steel wire to Brazil, comprising 46% of total imports. The second position in the ranking was held by the United States ($X), with a 7.5% share of total imports. It was followed by Turkey, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.5% per year) and Turkey (+18.7% per year).

Import Prices by Country

In 2021, the average iron and steel wire import price amounted to $X per ton, surging by 5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 9.4%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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