Latin America and the Caribbean: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Latin America and the Caribbean

In 2021, the Latin American concrete reinforcing wire rod market increased by X% to $X, rising for the fourth consecutive year after three years of decline. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wire Rod Used For Concrete Reinforcing in Latin America and the Caribbean

In value terms, concrete reinforcing wire rod production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of in 2021 were Brazil (X tons), Mexico (X tons) and Trinidad and Tobago (X tons), together accounting for X% of total production. Venezuela and Argentina lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Exports of Wire Rod Used For Concrete Reinforcing

Exports in Latin America and the Caribbean

In 2021, shipments abroad of wire rod used for concrete reinforcing decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concrete reinforcing wire rod exports expanded modestly to $X in 2021. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil represented the main exporter of wire rod used for concrete reinforcing in Latin America and the Caribbean, with the volume of exports recording X tons, which was near X% of total exports in 2021. Argentina (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%) and Chile (X%). The Dominican Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to concrete reinforcing wire rod exports from Brazil stood at +X%. At the same time, Chile (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. The Dominican Republic experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Argentina, Chile and the Dominican Republic increased by +X, +X, +X and +X percentage points, respectively.

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

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +X%. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Mexico (-X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the Dominican Republic ($X per ton), while Chile ($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 (+X%), while the other leaders experienced more modest paces of growth.

Imports of Wire Rod Used For Concrete Reinforcing

Imports in Latin America and the Caribbean

In 2021, approx. X tons of wire rod used for concrete reinforcing were imported in Latin America and the Caribbean; picking up by X% on 2020 figures. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, 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.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. In general, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons), Colombia (X tons) and Guatemala (X tons) represented the key importer of wire rod used for concrete reinforcing in Latin America and the Caribbean, creating X% of total import. Peru (X tons) took the next position in the ranking, followed by El Salvador (X tons) and Argentina (X tons). All these countries together took approx. X% share of total imports. The following importers - Chile (X tons), Paraguay (X tons), Haiti (X tons), Ecuador (X tons) and Bolivia (X tons) - together made up X% 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 Brazil (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Guatemala ($X) constituted the countries with the highest levels of imports in 2021, together comprising X% of total imports.

Brazil, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among 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, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Chile ($X per ton), while Haiti ($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 (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform