Latin America and the Caribbean: Metal Chain Market 2025

Metal Chain Market Size in Latin America and the Caribbean

The Latin American metal chain market reached $X in 2022, with an increase of 3.6% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; afterwards, it flattened through to 2022.

Metal Chain Production in Latin America and the Caribbean

In value terms, metal chain production declined to $X in 2022 estimated in export price. Overall, production posted mild growth. The most prominent rate of growth was recorded in 2019 with an increase of 77% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Metal Chain Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of iron or steel chain decreased by -46.6% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 392%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal chain exports fell rapidly to $X in 2022. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 418% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the five major exporters of iron or steel chain, namely Brazil, Mexico, Panama, Chile and Argentina, represented more than two-thirds of total export. El Salvador (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Argentina (with a CAGR of +22.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and El Salvador ($X) constituted the countries with the highest levels of exports in 2022, with a combined 66% share of total exports.

El Salvador, with a CAGR of +37.7%, 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 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by 41% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain export price increased by +45.8% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+15.3%), while the other leaders experienced more modest paces of growth.

Metal Chain Imports

Imports in Latin America and the Caribbean

After four years of growth, supplies from abroad of iron or steel chain decreased by -4.8% to X tons in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, metal chain imports rose rapidly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented the main importers of iron or steel chain in 2022, resulting at approx. 22% and 18% of total imports, respectively. Peru (X tons) held a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Chile (9.4%), Colombia (8.9%) and Argentina (5.2%). Bolivia (X tons), Ecuador (X tons), Nicaragua (X tons), Cuba (X tons), the Dominican Republic (X tons) and El Salvador (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cuba (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, with a combined 53% share of total imports. Peru, the Dominican Republic, Argentina, Nicaragua, Colombia, Cuba, Ecuador, El Salvador and Bolivia lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, Cuba, with a CAGR of +22.8%, recorded 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 18% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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