Latin America and the Caribbean: Metal Link Chain Market 2024

Metal Link Chain Market Size in Latin America and the Caribbean

After two years of decline, the Latin American metal link chain market increased by 12% to $X in 2021. In general, consumption, however, saw a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Link Chain Production in Latin America and the Caribbean

In value terms, metal link chain production soared to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt descent. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Link Chain Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of iron or steel articulated link chain decreased by -32.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2019 when exports increased by 88% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain exports declined significantly to $X in 2021. Total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 36% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Dominican Republic represented the key exporter of iron or steel articulated link chain in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was near 57% of total exports in 2021. Brazil (X tons) ranks second in terms of the total exports with a 24% share, followed by Colombia (4.9%) and Chile (4.7%). The following exporters - Mexico (X tons), Panama (X tons) and Argentina (X tons) - each finished at a 6.1% share of total exports.

The Dominican Republic was also the fastest-growing in terms of the iron or steel articulated link chain exports, with a CAGR of +27.8% from 2012 to 2021. At the same time, Chile (+24.4%), Colombia (+19.6%) and Brazil (+6.5%) displayed positive paces of growth. By contrast, Argentina (-4.0%), Mexico (-4.8%) and Panama (-12.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Dominican Republic, Chile and Colombia increased by +41, +3 and +2.4 percentage points, respectively.

In value terms, Brazil ($X) emerged as the largest metal link chain supplier in Latin America and the Caribbean, comprising 51% of total exports. The second position in the ranking was held by Colombia ($X), with a 13% share of total exports. It was followed by the Dominican Republic, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +2.1%. In the other countries, the average annual rates were as follows: Colombia (+13.7% per year) and the Dominican Republic (+44.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 14% against the previous year. Overall, the export price, however, saw a deep reduction. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Argentina ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+13.1%), while the other leaders experienced a decline in the export price figures.

Metal Link Chain Imports

Imports in Latin America and the Caribbean

After three years of decline, supplies from abroad of iron or steel articulated link chain increased by 3.6% to X tons in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal link chain imports rose rapidly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) represented the major importer of iron or steel articulated link chain, achieving 40% of total imports. Mexico (X tons) ranks second in terms of the total imports with a 15% share, followed by Colombia (15%) and Peru (9.5%). Argentina (X tons), Chile (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -2.4% from 2012 to 2021. At the same time, Guatemala (+5.1%), Peru (+4.6%), Argentina (+4.5%) and Colombia (+2.5%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +5.1% from 2012-2021. Mexico experienced a relatively flat trend pattern. By contrast, Chile (-2.9%) illustrated a downward trend over the same period. Colombia (+3.5 p.p.), Peru (+3.4 p.p.) and Mexico (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -7.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) were the countries with the highest levels of imports in 2021, with a combined 74% share of total imports.

In terms of the main importing countries, Mexico, with a CAGR of +4.3%, recorded the highest growth rate of 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

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 an increase of 11%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while Brazil ($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 (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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