MERCOSUR: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in MERCOSUR

In 2021, the MERCOSUR hot-rolled silico-manganese steel bar market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a perceptible downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in MERCOSUR

In value terms, hot-rolled silico-manganese steel bar production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports in MERCOSUR

In 2021, shipments abroad of hot-rolled bars of silico-manganese steel increased by 38% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep contraction. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Venezuela (X tons) represented the main exporter of hot-rolled bars of silico-manganese steel, comprising 45% of total exports. It was distantly followed by Argentina (X tons), Peru (X tons) and Colombia (X tons), together creating a 52% share of total exports. Chile (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +10.7%), while the other leaders experienced a decline in the exports figures.

In value terms, Venezuela ($X), Peru ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

Peru, with a CAGR of +11.0%, saw 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, picking up by 5.5% against the previous year. Overall, the export price, however, recorded a slight decrease. The growth pace was the most rapid in 2015 when the export price increased by 36%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.1%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports in MERCOSUR

In 2021, supplies from abroad of hot-rolled bars of silico-manganese steel decreased by -17.9% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 54%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar imports soared to $X in 2021. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 40%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil was the largest importer of hot-rolled bars of silico-manganese steel in MERCOSUR, with the volume of imports reaching X tons, which was approx. 59% of total imports in 2021. Argentina (X tons) held the second position in the ranking, followed by Colombia (X tons), Peru (X tons) and Ecuador (X tons). All these countries together took approx. 37% share of total imports.

Imports into Brazil decreased at an average annual rate of -8.9% from 2012 to 2021. At the same time, Ecuador (+7.7%) and Argentina (+7.5%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +7.7% from 2012-2021. By contrast, Peru (-6.1%) and Colombia (-9.4%) illustrated a downward trend over the same period. While the share of Argentina (+12 p.p.), Ecuador (+4.2 p.p.) and Peru (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported hot-rolled bars of silico-manganese steel in MERCOSUR, comprising 63% of total imports. The second position in the ranking was held by Argentina ($X), with a 14% share of total imports. It was followed by Peru, with a 5.7% share.

In Brazil, hot-rolled silico-manganese steel bar imports plunged by an average annual rate of -14.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+9.2% per year) and Peru (-8.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, jumping by 50% against the previous year. Overall, the import price, however, saw a noticeable slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform