Latin America and the Caribbean: Metal Skid Chain Market 2025

Metal Skid Chain Market Size in Latin America and the Caribbean

In 2021, after eight years of decline, there was growth in the Latin American metal skid chain market, when its value increased by 3.3% to $X. In general, consumption saw a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Skid Chain Production in Latin America and the Caribbean

In value terms, metal skid chain production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Metal Skid Chain Exports

Exports in Latin America and the Caribbean

In 2021, the amount of iron or steel skid chain exported in Latin America and the Caribbean skyrocketed to X tons, jumping by 78% compared with 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 388%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal skid chain exports soared to $X in 2021. Over the period under review, exports, however, showed a mild descent. The pace of growth appeared the most rapid in 2018 with an increase of 101%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) and Mexico (X tons) represented roughly 64% of total exports in 2021. Brazil (X tons) ranks next in terms of the total exports with a 14% share, followed by Peru (9.3%) and Panama (4.6%). The following exporters - Uruguay (X tons) and Costa Rica (X tons) - each resulted at a 5.8% 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 Chile (with a CAGR of +124.4%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) were the countries with the highest levels of exports in 2021, together comprising 82% of total exports.

Chile, with a CAGR of +90.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The export price in Latin America and the Caribbean stood at $X per ton in 2021, reducing by -4% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The growth pace was the most rapid in 2019 an increase of 73%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat 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 Mexico ($X per ton), while Peru ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Metal Skid Chain Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of iron or steel skid chain decreased by -15.1% to X tons, falling for the third consecutive year after three years of growth. Overall, imports showed a slight decline. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal skid chain imports fell to $X in 2021. Over the period under review, imports showed a noticeable descent. The growth pace was the most rapid in 2018 when imports increased by 32%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) represented the largest importer of iron or steel skid chain, generating 54% of total imports. Brazil (X tons) ranks second in terms of the total imports with a 22% share, followed by Peru (8.5%) and Argentina (5.9%). The following importers - Panama (X tons) and Colombia (X tons) - each recorded a 3.6% share of total imports.

Imports into Chile decreased at an average annual rate of -3.1% from 2012 to 2021. At the same time, Brazil (+13.2%), Panama (+9.9%) and Argentina (+8.0%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +13.2% from 2012-2021. By contrast, Peru (-4.2%) and Colombia (-4.2%) illustrated a downward trend over the same period. Brazil (+15 p.p.) and Argentina (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Peru and Chile saw its share reduced by -2.5% and -8.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported iron or steel skid chain in Latin America and the Caribbean, comprising 51% of total imports. The second position in the ranking was taken by Brazil ($X), with a 24% share of total imports. It was followed by Peru, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Chile stood at -5.6%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+13.0% per year) and Peru (-5.6% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 8.8% against the previous year. In general, the import price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 when the import price increased by 10% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Panama ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+11.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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