MERCOSUR: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in MERCOSUR

After three years of growth, the MERCOSUR iron or steel towers market decreased by -4.9% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Towers And Lattice Masts in MERCOSUR

In value terms, iron or steel towers production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in MERCOSUR

In 2021, the amount of iron or steel towers and lattice masts exported in MERCOSUR fell notably to X tons, waning by -72.5% against 2020. Overall, exports saw a sharp setback. The pace of growth appeared the most rapid in 2019 with an increase of 176% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron or steel towers exports shrank dramatically to $X in 2021. Over the period under review, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2019 when exports increased by 196%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Brazil (X tons) represented the major exporter of iron or steel towers and lattice masts, committing 57% of total exports. Colombia (X tons) held the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took near 37% share of total exports. The following exporters - Peru (X tons) and Ecuador (X tons) - each accounted for a 4.3% 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 Ecuador (with a CAGR of +1.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X) remains the largest iron or steel towers supplier in MERCOSUR, comprising 66% of total exports. The second position in the ranking was taken by Colombia ($X), with a 21% share of total exports. It was followed by Argentina, with a 6.3% share.

In Brazil, iron or steel towers exports contracted by an average annual rate of -23.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Colombia (-12.3% per year) and Argentina (-25.9% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, rising by 28% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel towers export price increased by +62.1% against 2017 indices. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

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 (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Towers And Lattice Masts

Imports in MERCOSUR

In 2021, approx. X tons of iron or steel towers and lattice masts were imported in MERCOSUR; which is down by -21.5% against 2020 figures. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 23%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, iron or steel towers imports declined to $X in 2021. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 77% against the previous year. 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 iron or steel towers and lattice masts in MERCOSUR, with the volume of imports amounting to X tons, which was approx. 39% of total imports in 2021. Colombia (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Peru (18%), Paraguay (11%) and Chile (11%). Argentina (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to iron or steel towers imports into Brazil stood at -1.2%. At the same time, Colombia (+32.7%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +32.7% from 2012-2021. By contrast, Chile (-9.8%), Paraguay (-12.6%), Peru (-16.3%) and Argentina (-17.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Colombia increased by +20 and +18 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported iron or steel towers and lattice masts in MERCOSUR, comprising 48% of total imports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total imports. It was followed by Peru, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to -3.6%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+25.7% per year) and Peru (-16.7% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth was the most pronounced in 2018 when the import price increased by 48%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the 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 ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform