Latin America and the Caribbean: Ferro-Alloys Market 2025

Ferro-Alloys Market Size in Latin America and the Caribbean

The Latin American ferro-alloys market reduced sharply to $X in 2022, dropping by X% against the previous year. In general, consumption showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Ferro-Alloys Production in Latin America and the Caribbean

In value terms, ferro-alloys production fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ferro-Alloys Exports

Exports in Latin America and the Caribbean

In 2022, ferro-alloys exports in Latin America and the Caribbean skyrocketed to X tons, growing by X% against 2021 figures. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-alloys exports surged to $X in 2022. Total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Brazil represented the key exporter of ferro-alloys in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Colombia (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by the Dominican Republic (X%) and Guatemala (X%). Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ferro-alloys exports from Brazil stood at X%. At the same time, Guatemala (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Guatemala and the Dominican Republic increased by X, X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest ferro-alloys supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with an X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a slight slump. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while Mexico ($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 (X%), while the other leaders experienced a decline in the export price figures.

Ferro-Alloys Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of ferro-alloys increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, ferro-alloys imports surged to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X tons), distantly followed by Mexico (X tons), Argentina (X tons), Chile (X tons) and Colombia (X tons) represented the largest importers of ferro-alloys, together committing X% of total imports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :