MERCOSUR: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in MERCOSUR

The MERCOSUR cast iron household articles market rose modestly to $X in 2022, surging by 3.5% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Table, Kitchen Or Household Articles Of Cast Iron in MERCOSUR

In value terms, cast iron household articles production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports in MERCOSUR

In 2022, overseas shipments of table, kitchen or household articles of cast iron decreased by -13% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 135% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, cast iron household articles exports surged to $X in 2022. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 125% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Colombia dominates exports structure, recording X tons, which was near 95% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the table, kitchen or household articles of cast iron exports, with a CAGR of +22.3% from 2012 to 2022. At the same time, Brazil (+17.4%) displayed positive paces of growth. Colombia (+58 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest cast iron household articles supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was taken by Brazil ($X), with a 5% share of total exports.

In Colombia, cast iron household articles exports increased at an average annual rate of +21.7% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 34% against the previous year. In general, the export price, however, saw a slight shrinkage. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-0.5%).

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports in MERCOSUR

Cast iron household articles imports fell dramatically to X tons in 2022, shrinking by -17.6% against the previous year. Over the period under review, imports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2019 when imports increased by 65%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, cast iron household articles imports rose remarkably to $X in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 91%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Chile (X tons), distantly followed by Brazil (X tons), Argentina (X tons), Colombia (X tons), Peru (X tons) and Ecuador (X tons) were the largest importers of table, kitchen or household articles of cast iron, together comprising 94% of total imports. Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Argentina (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, together comprising 67% of total imports.

Argentina, with a CAGR of +40.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of 30% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles import price increased by +75.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 35%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform