Latin America and the Caribbean: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Latin America and the Caribbean

The Latin American market for tubes, pipes and hollow profiles (of iron or steel) expanded significantly to $X in 2021, growing by 7.3% against the previous year. In general, consumption, however, saw a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Latin America and the Caribbean

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) rose remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable contraction. The pace of growth was the most pronounced in 2019 with an increase of 24% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports in Latin America and the Caribbean

In 2021, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by 60% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico represented the largest exporting country with an export of around X tons, which amounted to 49% of total exports. Brazil (X tons) took the second position in the ranking, distantly followed by Guatemala (X tons). All these countries together took near 32% share of total exports. Honduras (X tons), Ecuador (X tons), Costa Rica (X tons), El Salvador (X tons) and Uruguay (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of -3.6% from 2012 to 2021. At the same time, Honduras (+27.4%), El Salvador (+13.4%), Ecuador (+9.6%), Guatemala (+7.4%), Costa Rica (+6.7%) and Brazil (+2.8%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +27.4% from 2012-2021. By contrast, Uruguay (-4.5%) illustrated a downward trend over the same period. Brazil (+11 p.p.), Guatemala (+5.3 p.p.), Honduras (+4.1 p.p.), Mexico (+3.1 p.p.), Ecuador (+1.9 p.p.) and Costa Rica (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest iron or steel pipe and tube supplier in Latin America and the Caribbean, comprising 57% of total exports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total exports. It was followed by Guatemala, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at -2.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-3.4% per year) and Guatemala (+9.5% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, growing by 7.7% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 9.7%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+2.0%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports in Latin America and the Caribbean

After three years of decline, supplies from abroad of tubes, pipes and hollow profiles (of iron or steel) increased by 29% to X tons in 2021. Overall, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons), distantly followed by Colombia (X tons), Peru (X tons), Chile (X tons) and Brazil (X tons) represented the largest importers of tubes, pipes and hollow profiles (of iron or steel), together making up 63% of total imports. Ecuador (X tons), El Salvador (X tons), Costa Rica (X tons), Panama (X tons), Bolivia (X tons), Guatemala (X tons), Argentina (X tons) and Honduras (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Panama (with a CAGR of +45.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) in Latin America and the Caribbean, comprising 32% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports. It was followed by Colombia, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled -2.0%. In the other countries, the average annual rates were as follows: Brazil (-4.8% per year) and Colombia (-7.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 7.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. 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 Argentina ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :