Latin America and the Caribbean: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Latin America and the Caribbean

In 2021, the Latin American metal link chain parts market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Latin America and the Caribbean

In value terms, metal link chain parts production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a deep contraction. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Latin America and the Caribbean

In 2021, overseas shipments of iron or steel parts of articulated link chain increased by 59% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 87%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain parts exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 86% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Brazil was the key exporter of iron or steel parts of articulated link chain in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. 39% of total exports in 2021. Mexico (X tons) ranks second in terms of the total exports with a 22% share, followed by Colombia (11%), Chile (9.1%), Peru (8.3%) and Guyana (5.1%). Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Chile (with a CAGR of +102.2%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Guyana ($X) were the countries with the highest levels of exports in 2021, with a combined 73% share of total exports.

In terms of the main exporting countries, Guyana, with a CAGR of +139.1%, saw the highest rates of growth with regard to the value of exports, 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, rising by 4.9% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts export price increased by +61.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Guyana ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+26.3%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Latin America and the Caribbean

In 2021, approx. X tons of iron or steel parts of articulated link chain were imported in Latin America and the Caribbean; jumping by 44% compared with 2020 figures. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 62% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, metal link chain parts imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 46% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Mexico represented the major importing country with an import of around X tons, which reached 64% of total imports. It was distantly followed by Brazil (X tons) and Colombia (X tons), together mixing up a 24% share of total imports. Argentina (X tons) and Peru (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the iron or steel parts of articulated link chain imports, with a CAGR of +13.9% from 2012 to 2021. At the same time, Colombia (+5.7%) displayed positive paces of growth. Argentina, Brazil and Peru experienced a relatively flat trend pattern. From 2012 to 2021, the share of Mexico increased by +29 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in Latin America and the Caribbean, comprising 67% of total imports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total imports. It was followed by Colombia, with a 7.2% share.

In Mexico, metal link chain parts imports increased at an average annual rate of +20.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+3.2% per year) and Colombia (+2.5% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, falling by -10.3% against the previous year. Import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts import price decreased by -22.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 28% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Mexico ($X per ton) and Brazil ($X per ton), while Colombia ($X per ton) and Argentina ($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 (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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