Latin America and the Caribbean: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Latin America and the Caribbean

After two years of decline, the Latin American market for railway or tramway track construction material of iron or steel increased by 2.7% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Latin America and the Caribbean

In value terms, production of railway or tramway track construction material of iron or steel totaled $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.8% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth failed to regain momentum.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports in Latin America and the Caribbean

In 2021, after two years of growth, there was decline in overseas shipments of railway or tramway track construction material of iron or steel, when their volume decreased by -1% to X tons. Overall, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 98%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel reached $X in 2021. Over the period under review, exports recorded a pronounced slump. The growth pace was the most rapid in 2017 when exports increased by 78%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil dominates steel structure, resulting at X tons, which was near 87% of total exports in 2021. Mexico (X tons), Ecuador (X tons), Chile (X tons), Peru (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iron and steel railway construction materials exports from Brazil stood at -2.5%. At the same time, Ecuador (+69.7%) and Argentina (+34.4%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +69.7% from 2012-2021. Mexico experienced a relatively flat trend pattern. By contrast, Peru (-8.4%) and Chile (-17.2%) illustrated a downward trend over the same period. Brazil (+7.6 p.p.), Ecuador (+2.9 p.p.) and Argentina (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -8.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest iron and steel railway construction materials supplier in Latin America and the Caribbean, comprising 90% of total exports. The second position in the ranking was taken by Mexico ($X), with a 5.1% share of total exports. It was followed by Chile, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at -2.6%. In the other countries, the average annual rates were as follows: Mexico (-0.8% per year) and Chile (-12.8% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 9.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 73%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained 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 ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+5.3%), while the other leaders experienced a decline in the export price figures.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of railway or tramway track construction material of iron or steel increased by 22% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Over the period under review, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) represented the key importer of railway or tramway track construction material of iron or steel, comprising 59% of total imports. It was distantly followed by Mexico (X tons), comprising a 29% share of total imports. Chile (X tons), Uruguay (X tons), Peru (X tons) and Colombia (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of railway or tramway track construction material of iron or steel. At the same time, Uruguay (+50.0%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +50.0% from 2012-2021. Chile experienced a relatively flat trend pattern. By contrast, Mexico (-3.9%), Peru (-6.7%) and Colombia (-8.9%) illustrated a downward trend over the same period. Brazil (+17 p.p.) and Uruguay (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron and steel railway construction materials importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), together comprising 88% of total imports. These countries were followed by Uruguay, Peru and Colombia, which together accounted for a further 7.4%.

Among the main importing countries, Uruguay, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, which is down by -3.1% against the previous year. In general, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 10%. The level of import peaked at $X per ton in 2012; however, from 2013 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 Uruguay ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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