Latin America and the Caribbean: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Latin America and the Caribbean

The Latin American threaded copper articles market shrank to $X in 2022, declining by -8.9% against the previous year. In general, consumption continues to indicate a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Threaded Copper Articles Production in Latin America and the Caribbean

In value terms, threaded copper articles production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 12%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Threaded Copper Articles Exports

Exports in Latin America and the Caribbean

Threaded copper articles exports soared to X tons in 2022, jumping by 395% on the year before. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, threaded copper articles exports soared to $X in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates exports structure, accounting for X tons, which was approx. 94% of total exports in 2022. The following exporters - Brazil (X tons) and Colombia (X tons) - each reached a 3.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to threaded copper articles exports from Mexico stood at +23.8%. At the same time, Colombia (+43.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +43.6% from 2012-2022. By contrast, Brazil (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by +44 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest threaded copper articles supplier in Latin America and the Caribbean, comprising 96% of total exports. The second position in the ranking was held by Brazil ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled +32.9%. In the other countries, the average annual rates were as follows: Brazil (-5.2% per year) and Colombia (+19.1% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, waning by -7.4% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threaded copper articles export price increased by +20.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 31% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($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 (+7.4%), while the other leaders experienced mixed trends in the export price figures.

Threaded Copper Articles Imports

Imports in Latin America and the Caribbean

In 2022, threaded copper articles imports in Latin America and the Caribbean reached X tons, approximately reflecting 2021 figures. Overall, imports showed a perceptible expansion. The pace of growth was the most pronounced in 2019 with an increase of 77% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, threaded copper articles imports rose remarkably to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Mexico was the major importing country with an import of about X tons, which finished at 54% of total imports. Guyana (X tons) ranks second in terms of the total imports with a 22% share, followed by Brazil (9.2%). Guatemala (X tons), Argentina (X tons), the Dominican Republic (X tons) and Chile (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to threaded copper articles imports into Mexico stood at +3.0%. At the same time, Guyana (+56.5%), Guatemala (+18.9%), Chile (+17.7%), the Dominican Republic (+5.0%), Argentina (+2.4%) and Brazil (+2.0%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +56.5% from 2012-2022. From 2012 to 2022, the share of Guyana and Guatemala increased by +21 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported threaded articles of copper in Latin America and the Caribbean, comprising 78% of total imports. The second position in the ranking was held by Brazil ($X), with a 9.8% share of total imports. It was followed by Guyana, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled +6.9%. In the other countries, the average annual rates were as follows: Brazil (+3.3% per year) and Guyana (+44.0% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price showed a slight expansion. The growth pace was the most rapid in 2015 when the import price increased by 74% 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 2022, import prices remained at a lower figure.

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 ($X per ton), while Guyana ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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