Latin America and the Caribbean: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Latin America and the Caribbean

After two years of decline, the Latin American market for iron or steel leaf-springs and leaves increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Leaf-Springs And Leaves in Latin America and the Caribbean

In value terms, production of iron or steel leaf-springs and leaves contracted to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2019, and then fell in the following year.

Production By Country in Latin America and the Caribbean

The country with the largest volume of production of iron or steel leaf-springs and leaves was Mexico (X tons), comprising approx. X% of total volume. Moreover, production of iron or steel leaf-springs and leaves in Mexico exceeded the figures recorded by the second-largest producer, Brazil (X tons), threefold. The third position in this ranking was occupied by Argentina (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Mexico amounted to -X%. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Argentina (-X% per year).

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in Latin America and the Caribbean

In 2020, shipments abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second consecutive year after six years of growth. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of iron or steel leaf-springs and leaves contracted remarkably to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. The level of export peaked at $X in 2019, and then contracted remarkably in the following year.

Exports by Country

Mexico prevails in exports of iron or steel leaf-springs and leaves structure, recording X tons, which was approx. X% of total exports in 2020. Brazil (X tons) and Colombia (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of -X% from 2007 to 2020. Brazil (-X%) and Colombia (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Brazil increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest iron or steel leaf-spring and leave supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Colombia (-X% per year).

Export Prices by Country

The export price for iron or steel leaf-springs and leaves in Latin America and the Caribbean stood at $X per ton in 2020, picking up by X% against the previous year. Export price indicated a remarkable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for iron or steel leaf-springs and leaves increased by +X% against 2017 indices. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Mexico ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in Latin America and the Caribbean

In 2020, the amount of iron or steel leaf-springs and leaves imported in Latin America and the Caribbean shrank to X tons, waning by -X% against 2019. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves declined remarkably to $X in 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the major importer of iron or steel leaf-springs and leaves in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2020. Brazil (X tons) ranks second in terms of the total imports with a X% share, followed by Argentina (X%), Peru (X%) and Guatemala (X%). Chile (X tons), Paraguay (X tons), Bolivia (X tons), Ecuador (X tons) and El Salvador (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2020. At the same time, Guatemala (+X%), El Salvador (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. Argentina, Paraguay and Bolivia experienced a relatively flat trend pattern. By contrast, Chile (-X%), Brazil (-X%) and Ecuador (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Mexico and Guatemala increased by +X% and +X% percentage points, while Chile (-X p.p.), Ecuador (-X p.p.) and Brazil (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Argentina (-X% per year).

Import Prices by Country

The import price for iron or steel leaf-springs and leaves in Latin America and the Caribbean stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ecuador, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :