MERCOSUR: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in MERCOSUR

The MERCOSUR forged stainless steel bar market totaled $X in 2022, with an increase of X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Forged Bars Of Stainless Steel in MERCOSUR

In value terms, forged stainless steel bar production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports in MERCOSUR

In 2022, exports of forged bars of stainless steel in MERCOSUR skyrocketed to X tons, picking up by X% on the year before. Over the period under review, exports, however, recorded a pronounced decrease. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, forged stainless steel bar exports surged to $X in 2022. In general, exports, however, continue to indicate a deep setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile was the main exporting country with an export of about X tons, which reached X% of total exports. Peru (X tons) held the second position in the ranking, followed by Ecuador (X tons). All these countries together held approx. X% share of total exports. Brazil (X tons) followed a long way behind the leaders.

Exports from Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%) and Peru (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), Ecuador (X p.p.) and Peru (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Chile ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Ecuador lagged somewhat behind, accounting for a further X%.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The export price in MERCOSUR stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Forged Bars Of Stainless Steel

Imports in MERCOSUR

Forged stainless steel bar imports skyrocketed to X tons in 2022, rising by X% against the year before. Over the period under review, imports posted a measured expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, forged stainless steel bar imports soared to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Peru (X tons) and Guyana (X tons) were the main importers of forged bars of stainless steel in MERCOSUR, together comprising X% of total imports. Chile (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%), Ecuador (X%) and Argentina (X%). Paraguay (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest forged stainless steel bar importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Peru ($X), with a combined X% share of total imports. Argentina, Guyana, Paraguay and Ecuador lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Paraguay, with a CAGR of X%, 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

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform