Latin America and the Caribbean: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Latin America and the Caribbean

In 2021, the Latin American threaded metal articles market increased by 30% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Threaded Metal Articles Production in Latin America and the Caribbean

In value terms, threaded metal articles production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Threaded Metal Articles Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of threaded articles of iron or steel were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, threaded metal articles exports skyrocketed to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 22%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Brazil was the key exporter of threaded articles of iron or steel in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. 62% of total exports in 2021. It was distantly followed by Mexico (X tons), generating a 27% share of total exports. Panama (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to threaded metal articles exports from Brazil stood at +3.2%. At the same time, Mexico (+3.3%) and Panama (+2.2%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +3.3% from 2012-2021. By contrast, Chile (-18.2%) illustrated a downward trend over the same period. Brazil (+16 p.p.) and Mexico (+7.1 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -8.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Panama ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 95% of total exports.

Brazil, with a CAGR of +2.9%, recorded 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

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2015 an increase of 20%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Panama ($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 (+3.0%), while the other leaders experienced a decline in the export price figures.

Threaded Metal Articles Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of threaded articles of iron or steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, threaded metal articles imports surged to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons), distantly followed by Brazil (X tons), Colombia (X tons), Chile (X tons) and Argentina (X tons) were the largest importers of threaded articles of iron or steel, together generating 82% of total imports. The following importers - Peru (X tons), Bolivia (X tons) and Guatemala (X tons) - together made up 6.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest threaded metal articles importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), with a combined 77% share of total imports.

Colombia, with a CAGR of +8.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of 2.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

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 Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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