Latin America and the Caribbean: Metal Chain Parts Market 2025

Metal Chain Parts Market Size in Latin America and the Caribbean

The Latin American metal chain parts market rose sharply to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Chain Parts Production in Latin America and the Caribbean

In value terms, metal chain parts production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Chain Parts Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of parts of chains of iron or steel decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal chain parts exports soared to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Panama (X tons), distantly followed by Colombia (X tons), Mexico (X tons), Argentina (X tons), Brazil (X tons), Ecuador (X tons) and Chile (X tons) represented the largest exporters of parts of chains of iron or steel, together making up X% of total exports.

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

In value terms, Panama ($X), Mexico ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Argentina, with a CAGR of X%, saw the highest growth rate of 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the 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 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Metal Chain Parts Imports

Imports in Latin America and the Caribbean

In 2022, the amount of parts of chains of iron or steel imported in Latin America and the Caribbean rose remarkably to X tons, increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, metal chain parts imports rose rapidly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and Chile (X tons) represented the largest importers of parts of chains of iron or steel in 2022, finishing at near X% and X% of total imports, respectively. Mexico (X tons) took the next position in the ranking, followed by Ecuador (X tons). All these countries together held near X% share of total imports. The following importers - Peru (X tons), the Dominican Republic (X tons), Colombia (X tons), Bolivia (X tons) and Trinidad and Tobago (X tons) - together made up X% 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 Bolivia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in Chile totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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