Brazil: Stranded Wire Market 2024

Stranded Wire Market Size in Brazil

The Brazilian stranded wire market rose markedly to $X in 2021, with an increase of 6% against the previous year. In general, consumption, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when the market value increased by 9% against the previous year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Stranded Wire Production in Brazil

In value terms, stranded wire production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 2.2% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Stranded Wire Exports

Exports from Brazil

In 2021, stranded wire exports from Brazil fell markedly to X tons, shrinking by -29.2% compared with 2020. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, stranded wire exports totaled $X in 2021. Overall, exports saw a deep slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Argentina (X tons) and Chile (X tons) were the main destinations of stranded wire exports from Brazil, together accounting for 46% of total exports. Costa Rica, Bolivia, Kuwait, Paraguay, the Dominican Republic, the United Arab Emirates, the UK, Peru, Israel and the United States lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +175.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Colombia ($X) and Bolivia ($X) constituted the largest markets for stranded wire exported from Brazil worldwide, together comprising 48% of total exports. Paraguay, Chile, Costa Rica, the United States, the Dominican Republic, the United Arab Emirates, Kuwait, the UK, Peru and Israel lagged somewhat behind, together comprising a further 37%.

The United Arab Emirates, with a CAGR of +155.5%, saw the highest growth rate of 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 stranded wire export price stood at $X per ton in 2021, picking up by 62% against the previous year. Over the period under review, the export price, however, showed a deep reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Israel ($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 Kuwait (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Stranded Wire Imports

Imports into Brazil

In 2021, overseas purchases of stranded wire, ropes and cables were finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, stranded wire imports skyrocketed to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 52%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest stranded wire supplier to Brazil, accounting for a 47% share of total imports. Moreover, stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.0% per year) and India (+20.8% per year).

In value terms, China ($X) constituted the largest supplier of stranded wire, ropes and cables to Brazil, comprising 50% of total imports. The second position in the ranking was taken by Turkey ($X), with a 10% share of total imports. It was followed by India, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.4% per year) and India (+25.6% per year).

Import Prices by Country

The average stranded wire import price stood at $X per ton in 2021, increasing by 9.1% against the previous year. Overall, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 11%. 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 the United States ($X per ton), while the price for Turkey ($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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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