Latin America and the Caribbean: Aluminium Alloy Tube Market 2025

Aluminium Alloy Tube Market Size in Latin America and the Caribbean

The Latin American aluminium alloy tube market dropped markedly to $X in 2022, reducing by -18.2% against the previous year. Overall, consumption continues to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when the market value increased by 8.5% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Tube Production in Latin America and the Caribbean

In value terms, aluminium alloy tube production shrank to $X in 2022 estimated in export price. Overall, production recorded a slight curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Aluminium Alloy Tube Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of aluminium alloy tubes and pipes increased by 0.2% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, aluminium alloy tube exports rose rapidly to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +111.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 93%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Mexico dominates exports structure, amounting to X tons, which was near 79% of total exports in 2022. Ecuador (X tons) held the second position in the ranking, followed by the Dominican Republic (X tons). All these countries together held near 14% share of total exports. Brazil (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aluminium alloy tube exports from Mexico stood at +6.5%. At the same time, the Dominican Republic (+147.2%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +147.2% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Ecuador (-1.2%) and Colombia (-4.9%) illustrated a downward trend over the same period. Mexico (+10 p.p.) and the Dominican Republic (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Colombia, Brazil and Ecuador saw its share reduced by -2.6%, -3.3% and -7.4% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest aluminium alloy tube supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was held by Brazil ($X), with a 5.9% share of total exports. It was followed by Ecuador, with a 5.8% share.

In Mexico, aluminium alloy tube exports expanded at an average annual rate of +6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-4.3% per year) and Ecuador (-0.9% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by 9.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 13% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.1%), while the other leaders experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports in Latin America and the Caribbean

Aluminium alloy tube imports shrank sharply to X tons in 2022, dropping by -16.5% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 25%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy tube imports shrank notably to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Mexico represented the key importing country with an import of about X tons, which amounted to 64% of total imports. It was distantly followed by Peru (X tons) and Colombia (X tons), together mixing up an 18% share of total imports. The following importers - Argentina (X tons), the Dominican Republic (X tons), Brazil (X tons) and Ecuador (X tons) - together made up 12% of total imports.

Imports into Mexico increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, the Dominican Republic (+22.2%), Peru (+6.3%) and Colombia (+2.4%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +22.2% from 2012-2022. Ecuador and Argentina experienced a relatively flat trend pattern. By contrast, Brazil (-17.3%) illustrated a downward trend over the same period. While the share of Mexico (+9.7 p.p.), Peru (+4.2 p.p.) and the Dominican Republic (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported aluminium alloy tubes and pipes in Latin America and the Caribbean, comprising 78% of total imports. The second position in the ranking was held by Argentina ($X), with a 4.1% share of total imports. It was followed by Peru, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-4.0% per year) and Peru (+2.4% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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