Latin America and the Caribbean: Forged Steel Bar Market 2020

Forged Steel Bar Market Size in Latin America and the Caribbean

The revenue of the forged steel bar market in Latin America and the Caribbean amounted to $X in 2017, rising by X% against the previous year. The forged steel bar consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. Over the period under review, the forged steel bar market attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Forged Steel Bar Production in Latin America and the Caribbean

In 2017, approx. X tons of forged bars of steel and hot-rolled barsof non-alloy steel were produced in Latin America and the Caribbean; therefore, remained relatively stable against the previous year. The forged steel bar production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016, with an increase of X% against the previous year. In that year, the forged steel bar production attained their peak volume of X tons, leveling off in the following year.

Forged Steel Bar Exports in Latin America and the Caribbean

The exports totaled X tons in 2017, increasing by X% against the previous year. The forged steel bar exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. Over the period under review, the forged steel bar exports reached its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, forged steel bar exports amounted to $X in 2017. The forged steel bar exports continue to indicate a relatively flat trend pattern. Over the period under review, the forged steel bar exports attained its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Forged Steel Bar Exports by Country in Latin America and the Caribbean

Brazil (X tons) and Mexico (X tons) were the largest exporters of forged bars of steel and hot-rolled barsof non-alloy steel in 2017, accounting for approx. X% and X% of total exports, respectively. The Dominican Republic (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Antigua and Barbuda (X%), Costa Rica (X%) and Guatemala (X%). Peru (X tons) and Trinidad and Tobago (X tons) occupied the minor share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Costa Rica (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest forged steel bar markets worldwide were Brazil ($X), Mexico ($X) and the Dominican Republic ($X), together accounting for X% of total exports. These countries were followed by Guatemala, Antigua and Barbuda, Costa Rica, Trinidad and Tobago and Peru, which together accounted for a further X%.

Among the main exporting countries , Costa Rica (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Forged Steel Bar Export Prices by Country in Latin America and the Caribbean

The forged steel bar export price in Latin America and the Caribbean stood at $X per ton in 2017, growing by X% against the previous year. The forged steel bar export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. The level of export price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Trinidad and Tobago ($X per ton), while Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Trinidad and Tobago (+X% per year), while the other leaders experienced more modest paces of growth.

Forged Steel Bar Imports in Latin America and the Caribbean

In 2017, the amount of forged bars of steel and hot-rolled barsof non-alloy steel imported in Latin America and the Caribbean totaled X tons, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2010, with an increase of X% year-to-year. The volume of imports peaked of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, forged steel bar imports totaled $X in 2017. The total imports indicated a mild increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forged steel bar imports increased by +X% against 2015 indices. The level of imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Forged Steel Bar Imports by Country in Latin America and the Caribbean

Mexico represented the major importer of forged bars of steel and hot-rolled barsof non-alloy steel in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2017. The Dominican Republic (X tons) ranks second in terms of the global imports with a X% share, followed by Brazil (X%), Argentina (X%), Bolivia (X%) and Peru (X%). Colombia (X tons), Paraguay (X tons), Uruguay (X tons), El Salvador (X tons), Jamaica (X tons) and Nicaragua (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern of forged bars of steel and hot-rolled barsof non-alloy steel imports. At the same time, the Dominican Republic (+X%), Bolivia (+X%), Uruguay (+X%), Nicaragua (+X%), Argentina (+X%), Brazil (+X%), Paraguay (+X%), El Salvador (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Jamaica and Colombia experienced a relatively flat trend pattern. While the share of Mexico (X%) increased significantly in terms of the global imports from 2007-2017, the share of Bolivia (-X%), Argentina (-X%), Brazil (-X%) and the Dominican Republic (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported forged bars of steel and hot-rolled barsof non-alloy steel in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of global imports. It was followed by Brazil, with a X% share.

In Mexico, forged steel bar imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the Dominican Republic (+X% per year) and Brazil (+X% per year).

Forged Steel Bar Import Prices by Country in Latin America and the Caribbean

The forged steel bar import price in Latin America and the Caribbean stood at $X per ton in 2017, rising by X% against the previous year. The forged steel bar import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% year-to-year. In that year, the import prices for forged bars of steel and hot-rolled barsof non-alloy steel attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for forged bars of steel and hot-rolled barsof non-alloy steel failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform