Latin America and the Caribbean: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Latin America and the Caribbean

The Latin American non-malleable cast iron articles market contracted to $X in 2022, declining by -4.3% against the previous year. In general, consumption showed a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Non-Malleable Cast Iron in Latin America and the Caribbean

In value terms, non-malleable cast iron articles production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.8% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Latin America and the Caribbean

In 2022, shipments abroad of articles of non-malleable cast iron increased by 0.1% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 31%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports amounted to $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 35%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the main exporting country with an export of around X tons, which reached 56% of total exports. Mexico (X tons) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (8.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of +9.7%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest non-malleable cast iron articles supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), together accounting for 98% of total exports.

Brazil, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 14% against the previous year. Overall, the export price, however, recorded a deep setback. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($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 (-0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Latin America and the Caribbean

In 2022, the amount of articles of non-malleable cast iron imported in Latin America and the Caribbean expanded remarkably to X tons, picking up by 9.7% compared with the previous year. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 38%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, non-malleable cast iron articles imports rose sharply to $X in 2022. Over the period under review, imports, however, saw a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 38%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X tons), Argentina (X tons), Brazil (X tons) and Mexico (X tons) represented roughly 82% of total imports in 2022. The following importers - Ecuador (X tons) and Costa Rica (X tons) - each finished at a 5.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +36.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-malleable cast iron articles importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined 61% share of total imports. Argentina, Ecuador and Costa Rica lagged somewhat behind, together comprising a further 21%.

Argentina, with a CAGR of +24.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 3.6% against the previous year. Overall, the import price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 when the import price increased by 12%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Argentina ($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 (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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