MERCOSUR: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in MERCOSUR

The MERCOSUR metal welded link chain market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in MERCOSUR

In value terms, metal welded link chain production expanded slightly to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2019 with an increase of 150% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports in MERCOSUR

In 2021, after two years of growth, there was significant decline in shipments abroad of welded link chain of iron or steel, when their volume decreased by -95% to X tons. Overall, exports showed a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 3,069% against the previous year. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, metal welded link chain exports dropped dramatically to $X in 2021. In general, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 1,673%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Argentina (X tons) represented the main exporter of welded link chain of iron or steel, committing 57% of total exports. Brazil (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (13%). Chile (X tons) took a relatively small share of total exports.

Exports from Argentina decreased at an average annual rate of -2.3% from 2012 to 2021. At the same time, Colombia (+8.2%) and Chile (+6.5%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +8.2% from 2012-2021. By contrast, Brazil (-36.3%) illustrated a downward trend over the same period. While the share of Argentina (+52 p.p.), Colombia (+12 p.p.) and Chile (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-69.7 p.p.) displayed negative dynamics.

In value terms, Argentina ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 95% share of total exports.

In terms of the main exporting countries, Colombia, with a CAGR of +4.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, increasing by 90% against the previous year. In general, the export price continues to indicate a slight expansion. The growth pace was the most rapid in 2014 when the export price increased by 107% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Chile ($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 (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Welded Link Chain Of Iron Or Steel

Imports in MERCOSUR

In 2021, overseas purchases of welded link chain of iron or steel increased by 57% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a perceptible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 262%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal welded link chain imports soared to $X in 2021. In general, imports enjoyed a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of 220% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) was the main importer of welded link chain of iron or steel, making up 47% of total imports. Chile (X tons) ranks second in terms of the total imports with a 27% share, followed by Peru (7.4%), Argentina (5.8%) and Colombia (5.5%). Ecuador (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +8.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal welded link chain importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Argentina ($X), together comprising 82% of total imports. Peru, Colombia, Ecuador and Paraguay lagged somewhat behind, together comprising a further 16%.

Paraguay, with a CAGR of +5.1%, 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 more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, jumping by 18% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 Ecuador ($X per ton) and Chile ($X per ton), while Peru ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform