MERCOSUR: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in MERCOSUR

The MERCOSUR concrete reinforcing bar market fell to $X in 2022, which is down by -6.2% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Concrete Reinforcing Bar Production in MERCOSUR

In value terms, concrete reinforcing bar production reduced to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 16%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports in MERCOSUR

Concrete reinforcing bar exports dropped to X tons in 2022, declining by -6.9% against the previous year. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.5% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 39% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil represented the largest exporter of concrete reinforcing bars in MERCOSUR, with the volume of exports accounting for X tons, which was approx. 70% of total exports in 2022. Peru (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together held near 24% share of total exports. Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to concrete reinforcing bar exports from Brazil stood at +3.4%. At the same time, Venezuela (+32.0%) and Peru (+5.1%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +32.0% from 2012-2022. By contrast, Argentina (-6.7%) illustrated a downward trend over the same period. While the share of Brazil (+5.8 p.p.), Peru (+4.2 p.p.) and Venezuela (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-7.9 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest concrete reinforcing bar supplier in MERCOSUR, comprising 67% of total exports. The second position in the ranking was held by Peru ($X), with a 21% share of total exports. It was followed by Argentina, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to +3.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+5.2% per year) and Argentina (-6.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 29%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Peru ($X per ton) and Argentina ($X per ton), while Venezuela ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+0.9%), while the other leaders experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports in MERCOSUR

In 2022, approx. X tons of concrete reinforcing bars were imported in MERCOSUR; waning by -39.7% compared with the previous year's figure. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 85%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, concrete reinforcing bar imports reduced dramatically to $X in 2022. Overall, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 124%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) represented the main importer of concrete reinforcing bars, comprising 38% of total imports. It was distantly followed by Brazil (X tons), Chile (X tons), Argentina (X tons), Paraguay (X tons) and Colombia (X tons), together creating a 55% share of total imports. Guyana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, with a combined 74% share of total imports. Argentina, Paraguay, Colombia and Guyana lagged somewhat behind, together comprising a further 23%.

Guyana, with a CAGR of +19.0%, saw the highest growth rate of 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 MERCOSUR stood at $X per ton in 2022, picking up by 28% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +54.6% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Brazil ($X per ton) and Argentina ($X per ton), while Peru ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform