MERCOSUR: Insulating Fittings Market 2025

Insulating Fittings Market Size in MERCOSUR

The MERCOSUR insulating fittings market totaled $X in 2021, remaining stable against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Insulating Fittings Production in MERCOSUR

In value terms, insulating fittings production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 23%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Insulating Fittings Exports

Exports in MERCOSUR

Insulating fittings exports declined slightly to X tons in 2021, which is down by -1.7% compared with 2020 figures. Over the period under review, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2014 with an increase of 119% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, insulating fittings exports contracted to $X in 2021. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 41% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, recording X tons, which was near 91% of total exports in 2021. It was distantly followed by Colombia (X tons), achieving a 4.5% share of total exports. The following exporters - Peru (X tons) and Argentina (X tons) - each reached a 4.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to insulating fittings exports from Brazil stood at -26.3%. At the same time, Argentina (+15.2%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +15.2% from 2012-2021. By contrast, Colombia (-4.8%) and Peru (-10.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia, Argentina and Peru increased by +4, +2 and +1.7 percentage points, respectively.

In value terms, Brazil ($X) remains the largest insulating fittings supplier in MERCOSUR, comprising 89% of total exports. The second position in the ranking was taken by Argentina ($X), with a 4.1% share of total exports. It was followed by Peru, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to -15.3%. In the other countries, the average annual rates were as follows: Argentina (+16.7% per year) and Peru (+1.9% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, falling by -5.5% against the previous year. In general, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 393% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat 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 Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+14.8%), while the other leaders experienced more modest paces of growth.

Insulating Fittings Imports

Imports in MERCOSUR

After three years of decline, supplies from abroad of insulating fittings for electrical purposes increased by 61% to X tons in 2021. Over the period under review, imports, however, recorded a abrupt contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, insulating fittings imports soared to $X in 2021. In general, imports, however, recorded a deep downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Ecuador (X tons), Brazil (X tons) and Peru (X tons) was the key importer of insulating fittings for electrical purposes in MERCOSUR, comprising 76% of total import. Chile (X tons) took the next position in the ranking, followed by Colombia (X tons). All these countries together took near 20% share of total imports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +5.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest insulating fittings importing markets in MERCOSUR were Brazil ($X), Peru ($X) and Colombia ($X), with a combined 73% share of total imports.

Peru, with a CAGR of +7.1%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, shrinking by -17.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 28% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 Argentina ($X per ton), while Ecuador ($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 (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform