Brazil: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Brazil

After two years of decline, the Brazilian metal welded link chain market increased by 65% to $X in 2021. Over the period under review, consumption, however, showed a mild setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in Brazil

In value terms, metal welded link chain production rose to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2019 with an increase of 150% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Brazil

In 2021, approx. X tons of welded link chain of iron or steel were exported from Brazil; waning by -98.7% against 2020. Over the period under review, exports saw a sharp setback. The pace of growth was the most pronounced in 2020 when exports increased by 12,946% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, metal welded link chain exports shrank sharply to $X in 2021. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 4,719% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for metal welded link chain exports from Brazil, accounting for a 48% share of total exports. Moreover, metal welded link chain exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+15.2% per year) and China (+174.2% per year).

In value terms, the largest markets for metal welded link chain exported from Brazil were China ($X), Paraguay ($X) and Argentina ($X), with a combined 69% share of total exports.

China, with a CAGR of +183.0%, recorded 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 metal welded link chain export price stood at $X per ton in 2021, increasing by 178% against the previous year. Overall, the export price posted a strong expansion. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Paraguay ($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 Spain (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Brazil

In 2021, after two years of decline, there was significant growth in purchases abroad of welded link chain of iron or steel, when their volume increased by 72% to X tons. Over the period under review, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of 735% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, metal welded link chain imports surged to $X in 2021. Overall, imports continue to indicate a mild expansion. The growth pace was the most rapid in 2018 with an increase of 715% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal welded link chain supplier to Brazil, accounting for a 73% share of total imports. Moreover, metal welded link chain imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.1% per year) and Argentina (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of welded link chain of iron or steel to Brazil, comprising 68% of total imports. The second position in the ranking was held by Spain ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.9% per year) and Argentina (-8.2% per year).

Import Prices by Country

The average metal welded link chain import price stood at $X per ton in 2021, increasing by 37% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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