Latin America and the Caribbean: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Latin America and the Caribbean

In 2021, the Latin American metal welded link chain market increased by 43% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Welded Link Chain Of Iron Or Steel in Latin America and the Caribbean

In value terms, metal welded link chain production rose remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of 34% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports in Latin America and the Caribbean

In 2021, the amount of welded link chain of iron or steel exported in Latin America and the Caribbean shrank notably to X tons, which is down by -89.5% compared with 2020 figures. Over the period under review, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1,593%. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, metal welded link chain exports declined significantly to $X in 2021. In general, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 802% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico represented the key exporting country with an export of around X tons, which amounted to 46% of total exports. Argentina (X tons) ranks second in terms of the total exports with a 26% share, followed by Brazil (11%) and Colombia (5.8%). The Dominican Republic (X tons), El Salvador (X tons) and Chile (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +51.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Argentina ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 76% of total exports. Colombia, the Dominican Republic, El Salvador and Chile lagged somewhat behind, together comprising a further 19%.

The Dominican Republic, with a CAGR of +28.9%, saw the highest growth rate of the value of exports, among 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, rising by 58% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 78%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+15.1%), while the other leaders experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of welded link chain of iron or steel increased by 56% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw mild growth. The growth pace was the most rapid in 2018 with an increase of 174% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal welded link chain imports soared to $X in 2021. Overall, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 126%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) represented the major importer of welded link chain of iron or steel, generating 37% of total imports. It was distantly followed by Chile (X tons), Mexico (X tons), Peru (X tons) and Argentina (X tons), together comprising a 42% share of total imports. The following importers - Colombia (X tons), El Salvador (X tons), Ecuador (X tons) and Paraguay (X tons) - together made up 12% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by El Salvador (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal welded link chain importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Mexico ($X), with a combined 67% share of total imports. El Salvador, Argentina, Peru, Colombia, Ecuador and Paraguay lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, El Salvador, with a CAGR of +37.6%, 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, growing by 17% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 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 El Salvador ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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