MERCOSUR: Metal Washer Market 2024

Metal Washer Exports

Exports in MERCOSUR

In 2021, overseas shipments of iron or steel washers were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal washer exports declined remarkably to $X in 2021. In general, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 37%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil represented the key exporting country with an export of about X tons, which recorded 80% of total exports. It was distantly followed by Peru (X tons), comprising an 11% share of total exports. Chile (X tons) and Argentina (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal washer exports from Brazil stood at +3.7%. At the same time, Peru (+29.9%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +29.9% from 2012-2021. By contrast, Chile (-6.5%) and Argentina (-17.5%) illustrated a downward trend over the same period. While the share of Brazil (+14 p.p.) and Peru (+9.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Chile (-4.7 p.p.) and Argentina (-17.1 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest metal washer supplier in MERCOSUR, comprising 81% of total exports. The second position in the ranking was held by Argentina ($X), with a 5.9% share of total exports. It was followed by Chile, with a 5.7% share.

In Brazil, metal washer exports shrank by an average annual rate of -1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (-16.1% per year) and Chile (-2.8% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, waning by -31.2% against the previous year. Over the period under review, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by 42%. As a result, the export price attained the peak level of $X per ton. From 2020 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 Argentina ($X per ton), while Peru ($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 (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Metal Washer Imports

Imports in MERCOSUR

Metal washer imports soared to X tons in 2021, increasing by 51% compared with the previous year. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal washer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the largest importer of iron or steel washers in MERCOSUR, with the volume of imports reaching X tons, which was approx. 51% of total imports in 2021. Argentina (X tons) ranks second in terms of the total imports with a 13% share, followed by Chile (13%), Peru (8.2%) and Colombia (8.1%). Ecuador (X tons) and Paraguay (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Colombia (+14.4%), Argentina (+8.5%), Chile (+5.5%), Peru (+5.3%) and Paraguay (+3.9%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +14.4% from 2012-2021. By contrast, Ecuador (-5.4%) illustrated a downward trend over the same period. While the share of Argentina (+5.1 p.p.), Colombia (+5.1 p.p.), Chile (+2.8 p.p.) and Peru (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ecuador (-3.3 p.p.) and Brazil (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported iron or steel washers in MERCOSUR, comprising 54% of total imports. The second position in the ranking was taken by Peru ($X), with a 13% share of total imports. It was followed by Argentina, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Peru (+6.8% per year) and Argentina (+2.9% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, declining by -7.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 7.2%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform