Brazil: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Brazil

The Brazilian metal link chain parts market reduced to $X in 2021, falling by -14.9% against the previous year. Overall, consumption saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when the market value increased by 4.5%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Brazil

In value terms, metal link chain parts production soared to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 22%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Brazil

In 2021, metal link chain parts exports from Brazil skyrocketed to X tons, growing by 84% against 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. In general, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.8% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 64%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Bolivia (X tons), Paraguay (X tons) and Guatemala (X tons) were the main destinations of metal link chain parts exports from Brazil, together accounting for 61% of total exports.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +194.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain parts exported from Brazil were Paraguay ($X), Bolivia ($X) and Guatemala ($X), together accounting for 56% of total exports. Ecuador, Argentina, Italy and Nicaragua lagged somewhat behind, together accounting for a further 36%.

Italy, with a CAGR of +215.1%, recorded the highest rates of growth with regard to the value of exports, among 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

The average metal link chain parts export price stood at $X per ton in 2021, falling by -15.9% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bolivia ($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 Argentina (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Brazil

In 2021, imports of iron or steel parts of articulated link chain into Brazil skyrocketed to X tons, surging by 45% compared with 2020. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, metal link chain parts imports surged to $X in 2021. In general, imports enjoyed a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main suppliers of metal link chain parts imports to Brazil, together accounting for 82% of total imports. Italy and the United States lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United States ($X) constituted the largest metal link chain parts suppliers to Brazil, with a combined 59% share of total imports. Italy and Thailand lagged somewhat behind, together comprising a further 29%.

Italy, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, which is down by -1.7% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. The import price peaked at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 United States (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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