Latin America and the Caribbean: Hot-Dipped Metal-Coated Sheet Market 2025

Hot-Dipped Metal-Coated Sheet Market Size in Latin America and the Caribbean

After two years of decline, the Latin American hot-dipped metal-coated sheet market increased by 22% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Production in Latin America and the Caribbean

In value terms, hot-dipped metal-coated sheet production expanded sharply to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of hot-dipped metal-coated sheet were exported in Latin America and the Caribbean; increasing by 51% compared with the previous year. Total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet exports soared to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) and Mexico (X tons) dominates exports structure, together making up 82% of total exports. It was distantly followed by Honduras (X tons) and Costa Rica (X tons), together committing an 11% share of total exports. Guatemala (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Honduras (with a CAGR of +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hot-dipped metal-coated sheet supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Costa Rica ($X), together accounting for 87% of total exports. Honduras and Guatemala lagged somewhat behind, together accounting for a further 9.8%.

Honduras, with a CAGR of +20.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 45% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Guatemala ($X per ton) and Costa Rica ($X per ton), while Brazil ($X per ton) and Honduras ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.2%), while the other leaders experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of hot-dipped metal-coated sheet increased by 67% to X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, 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.

In value terms, hot-dipped metal-coated sheet imports surged to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, 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

In 2021, Mexico (X tons) and Brazil (X tons) represented the main importers of hot-dipped metal-coated sheet in Latin America and the Caribbean, together resulting at near 44% of total imports. Chile (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Honduras (6.5%), Argentina (6.4%), Peru (5.6%) and Ecuador (5.1%). Colombia (X tons), Guatemala (X tons), the Dominican Republic (X tons), El Salvador (X tons) and Paraguay (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-dipped metal-coated sheet importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 57% of total imports. These countries were followed by Argentina, Honduras, Peru, Ecuador, Guatemala, Colombia, El Salvador, the Dominican Republic and Paraguay, which together accounted for a further 36%.

In terms of the main importing countries, Guatemala, with a CAGR of +21.6%, saw the highest rates of growth with regard to the value of imports, 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 2021, with an increase of 18% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Mexico ($X per ton) and El Salvador ($X per ton), while Honduras ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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