Brazil: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Brazil

The Brazilian steel stranded wire market fell to $X in 2022, shrinking by -6.3% against the previous year. Over the period under review, consumption showed a pronounced contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Steel Stranded Wire Production in Brazil

In value terms, steel stranded wire production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Steel stranded wire production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Steel Stranded Wire Exports

Exports from Brazil

For the third year in a row, Brazil recorded decline in shipments abroad of iron or steel stranded wire, ropes and cables, which decreased by -5.4% to X tons in 2022. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2016 with an increase of 46% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel stranded wire exports skyrocketed to $X in 2022. Over the period under review, exports showed a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Argentina (X tons) and Costa Rica (X tons) were the main destinations of steel stranded wire exports from Brazil, with a combined 54% share of total exports. Paraguay, the United Arab Emirates, the Dominican Republic, Chile, Bolivia, Venezuela and Canada lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +136.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel stranded wire exported from Brazil were Argentina ($X), Colombia ($X) and Chile ($X), with a combined 52% share of total exports. Paraguay, Costa Rica, Bolivia, Venezuela, the Dominican Republic, the United Arab Emirates and Canada lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +142.1%, saw the highest rates of growth with regard to the value of exports, 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 steel stranded wire export price amounted to $X per ton, jumping by 28% against the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 44% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the United Arab Emirates ($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 Canada (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Brazil

In 2022, after five years of growth, there was decline in supplies from abroad of iron or steel stranded wire, ropes and cables, when their volume decreased by -1.4% to X tons. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +101.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, steel stranded wire imports skyrocketed to $X in 2022. In general, imports, however, recorded a pronounced increase. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel stranded wire to Brazil, with a 48% share of total imports. Moreover, steel stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+84.6% per year) and South Africa (+59.0% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Brazil, comprising 50% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.5% share of total imports. It was followed by South Korea, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+66.1% per year) and South Korea (+16.2% per year).

Import Prices by Country

In 2022, the average steel stranded wire import price amounted to $X per ton, increasing by 19% against the previous year. Overall, the import price saw a relatively flat trend pattern. 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 Italy ($X per ton), while the price for South Africa ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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