MERCOSUR: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in MERCOSUR

In 2021, the MERCOSUR agglomerated powder rod market increased by 15% to $X, rising for the fifth consecutive year after four years of decline. In general, consumption, however, showed a slight shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Agglomerated Powder Rod Production in MERCOSUR

In value terms, agglomerated powder rod production dropped slightly to $X in 2021 estimated in export price. In general, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Agglomerated Powder Rod Exports

Exports in MERCOSUR

In 2021, after three years of decline, there was significant growth in overseas shipments of base metal wire and rods of agglomerated base powder, when their volume increased by 63% to X tons. In general, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, agglomerated powder rod exports surged to $X in 2021. Overall, exports, however, recorded a deep slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru prevails in exports structure, resulting at X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Brazil (X tons), constituting a 7.7% share of total exports.

Peru was also the fastest-growing in terms of the base metal wire and rods of agglomerated base powder exports, with a CAGR of -5.9% from 2012 to 2021. Brazil (-6.0%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest agglomerated powder rod supplier in MERCOSUR, comprising 82% of total exports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total exports.

In Peru, agglomerated powder rod exports decreased by an average annual rate of -4.7% over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, dropping by -4.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per ton), while Peru stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.3%).

Agglomerated Powder Rod Imports

Imports in MERCOSUR

In 2021, agglomerated powder rod imports in MERCOSUR soared to X tons, jumping by 55% on the year before. Over the period under review, imports, however, recorded a noticeable setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, agglomerated powder rod imports soared to $X in 2021. In general, imports, however, showed a noticeable downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) was the key importer of base metal wire and rods of agglomerated base powder, creating 39% of total imports. It was distantly followed by Colombia (X tons), Suriname (X tons), Argentina (X tons), Chile (X tons) and Peru (X tons), together creating a 54% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, Argentina (+5.4%), Peru (+4.9%) and Suriname (+3.9%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +5.4% from 2012-2021. By contrast, Colombia (-1.8%), Chile (-3.6%) and Ecuador (-7.7%) illustrated a downward trend over the same period. Suriname (+6.2 p.p.), Argentina (+5.1 p.p.), Peru (+3.6 p.p.) and Brazil (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Ecuador saw its share reduced by -2.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported base metal wire and rods of agglomerated base powder in MERCOSUR, comprising 50% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports. It was followed by Colombia, with an 11% share.

In Brazil, agglomerated powder rod imports contracted by an average annual rate of -5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+0.2% per year) and Colombia (-4.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, rising by 2.5% against the previous year. Overall, the import price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by 6.6%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform