MERCOSUR: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in MERCOSUR

The MERCOSUR iron or steel can market totaled $X in 2021, surging by 2.7% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Cans in MERCOSUR

In value terms, iron or steel can production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron or Steel Cans

Exports in MERCOSUR

In 2021, approx. X units of iron or steel cans were exported in MERCOSUR; rising by 28% against the year before. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 54%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, iron or steel can exports skyrocketed to $X in 2021. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 48% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Peru (X units) and Ecuador (X units) represented the largest exporters of iron or steel cans in MERCOSUR, together resulting at near 78% of total exports. Brazil (X units) held the next position in the ranking, distantly followed by Chile (X units). All these countries together held near 21% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Ecuador ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

In terms of the main exporting countries, Peru, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of exports, 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 unit in 2021, stabilizing at the previous year. In general, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of 10%. As a result, the export price attained the peak level of $X per unit. From 2014 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, the country with the highest price was Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Iron or Steel Cans

Imports in MERCOSUR

In 2021, approx. X units of iron or steel cans were imported in MERCOSUR; with an increase of 32% on 2020 figures. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, iron or steel can imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 49%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

In 2021, Brazil (X units), distantly followed by Chile (X units), Colombia (X units), Venezuela (X units), Argentina (X units) and Peru (X units) were the major importers of iron or steel cans, together comprising 86% of total imports. Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported iron or steel cans in MERCOSUR, comprising 35% of total imports. The second position in the ranking was taken by Chile ($X), with a 16% share of total imports. It was followed by Venezuela, with an 11% share.

In Brazil, iron or steel can imports increased at an average annual rate of +18.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+20.5% per year) and Venezuela (+10.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, growing by 8.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Brazil ($X per unit) and Venezuela ($X per unit), while Colombia ($X per unit) and Argentina ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform