Latin America and the Caribbean: Copper Screw Market 2024

Copper Screw Market Size in Latin America and the Caribbean

The Latin American copper screw market soared to $X in 2021, jumping by 20% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Copper Screw Production in Latin America and the Caribbean

In value terms, copper screw production dropped modestly to $X in 2021 estimated in export price. In general, production saw a perceptible decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 138%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Copper Screw Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of copper screws, bolts and nuts decreased by -2.6% to X tons for the first time since 2017, thus ending a three-year rising trend. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.2% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of 46%. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped modestly in the following year.

In value terms, copper screw exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.3% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of 39%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, accounting for X tons, which was approx. 92% of total exports in 2021. The following exporters - Panama (X tons) and Brazil (X tons) - each reached a 5.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to copper screw exports from Mexico stood at +5.4%. At the same time, Panama (+18.0%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +18.0% from 2012-2021. By contrast, Brazil (-4.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico and Panama increased by +7.9 and +1.8 percentage points, respectively.

In value terms, Mexico ($X) remains the largest copper screw supplier in Latin America and the Caribbean, comprising 94% of total exports. The second position in the ranking was held by Brazil ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +8.9%. In the other countries, the average annual rates were as follows: Brazil (-3.6% per year) and Panama (+27.5% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2017 when the export price increased by 30% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+8.1%), while the other leaders experienced more modest paces of growth.

Copper Screw Imports

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in supplies from abroad of copper screws, bolts and nuts, when their volume increased by 15% to X tons. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, copper screw imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico dominates imports structure, finishing at X tons, which was approx. 75% of total imports in 2021. Argentina (X tons) held a 7.3% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (7.2%). Chile (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +2.9% from 2012 to 2021. At the same time, Argentina (+13.4%), Chile (+8.6%) and Brazil (+5.9%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +13.4% from 2012-2021. From 2012 to 2021, the share of Argentina and Brazil increased by +4.3 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported copper screws, bolts and nuts in Latin America and the Caribbean, comprising 80% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.1% share of total imports. It was followed by Argentina, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +3.3%. In the other countries, the average annual rates were as follows: Brazil (-0.4% per year) and Argentina (+5.9% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 17% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :