Latin America and the Caribbean: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Latin America and the Caribbean

After three years of growth, the Latin American market for ribbed or other deformed wire rod of non-alloy steel decreased by -3.5% to $X in 2021. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted modestly in the following year.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Latin America and the Caribbean

In value terms, deformed non-alloy steel wire rod production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. 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 Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Latin America and the Caribbean

In 2021, overseas shipments of ribbed or other deformed wire rod of non-alloy steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw slight growth. The growth pace was the most rapid in 2018 when exports increased by 44% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -32.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 79%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico represented the main exporter of ribbed or other deformed wire rod of non-alloy steel in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. 62% of total exports in 2021. It was distantly followed by Brazil (X tons) and Argentina (X tons), together comprising a 33% share of total exports. The Dominican Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to deformed non-alloy steel wire rod exports from Mexico stood at +10.7%. At the same time, Brazil (+13.5%) and Argentina (+3.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +13.5% from 2012-2021. By contrast, the Dominican Republic (-16.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico and Brazil increased by +35 and +17 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest deformed non-alloy steel wire rod supplier in Latin America and the Caribbean, comprising 66% of total exports. The second position in the ranking was taken by Brazil ($X), with a 23% share of total exports. It was followed by Argentina, with a 6.5% share.

In Mexico, deformed non-alloy steel wire rod exports expanded at an average annual rate of +11.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+12.7% per year) and Argentina (+4.3% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 51% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. 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.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Mexico ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+2.8%), while the other leaders experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Latin America and the Caribbean

In 2021, overseas purchases of ribbed or other deformed wire rod of non-alloy steel decreased by -17.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 101%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports expanded markedly to $X in 2021. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 141%. 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

Haiti represented the main importer of ribbed or other deformed wire rod of non-alloy steel in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. 38% of total imports in 2021. Peru (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Chile (7.6%), Brazil (6.4%) and the Dominican Republic (5.4%). Bolivia (X tons), Paraguay (X tons), Suriname (X tons), Bahamas (X tons) and Barbados (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod importing markets in Latin America and the Caribbean were Haiti ($X), Peru ($X) and Chile ($X), with a combined 64% share of total imports.

In terms of the main importing countries, Chile, with a CAGR of +58.3%, 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 more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 34% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Barbados ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Barbados (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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