Price for Iron or Steel; Cast Articles in Brazil - 2023

Price for Iron or Steel; Cast Articles in Brazil (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $2,006 per ton, with an increase of 31% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $2,111 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,063 per ton), while the price for Chile ($1,284 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Brazil (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $2,812 per ton, surging by 31% against the previous year. In general, the export price, however, saw a mild curtailment. Over the period under review, the average export prices hit record highs at $3,241 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($4,549 per ton), while the average price for exports to Argentina ($1,665 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Brazil

Iron or steel; cast articles imports into Brazil fell notably to 39K tons in 2022, which is down by -27.1% on the previous year. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 93%. As a result, imports reached the peak of 54K tons, and then dropped rapidly in the following year.

In value terms, iron or steel; cast articles imports dropped slightly to $79M in 2022. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 149% against the previous year. As a result, imports reached the peak of $82M, and then shrank slightly in the following year.

Import of Iron or Steel; Cast Articles in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	25.0	16.2	22.5	24.4	-0.8%
Germany	11.0	10.8	23.6	24.1	29.9%
India	14.9	0.1	14.7	14.8	-0.2%
China	1.9	1.8	3.4	5.2	39.9%
Thailand	3.0	N/A	11.9	3.4	4.3%
Others	6.7	4.2	6.5	7.2	2.4%
Total	62.5	33.1	82.5	79.0	8.1%

Top Suppliers of Iron or Steel; Cast Articles to Brazil in 2022:

Chile (19.0K tons)
Germany (9.1K tons)
India (6.8K tons)
China (1.7K tons)
Thailand (1.6K tons)

Exports of Iron or Steel; Cast Articles in Brazil

In 2022, approx. 11K tons of iron or steel; cast articleses were exported from Brazil; surging by 13% against 2021 figures. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, iron or steel; cast articles exports soared to $32M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Iron or Steel; Cast Articles in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.3	5.7	9.3	12.7	26.3%
Argentina	2.2	1.5	2.6	4.8	29.7%
Mexico	0.8	0.3	0.7	2.4	44.2%
Colombia	1.4	0.5	1.0	2.0	12.6%
France	0.6	0.3	0.9	1.4	32.6%
Paraguay	1.6	0.9	0.6	1.3	-6.7%
Chile	1.7	1.3	0.9	1.1	-13.5%
Peru	0.9	0.4	0.2	1.1	6.9%
Poland	0.7	0.6	0.8	0.9	8.7%
Italy	0.5	0.6	0.2	0.6	6.3%
Ecuador	0.2	0.2	0.6	0.6	44.2%
Bolivia	0.5	0.8	0.2	0.2	-26.3%
Belgium	1.4	0.9	0.4	N/A	-46.5%
Others	4.2	2.1	3.4	2.9	-11.6%
Total	23.0	16.1	21.6	31.9	11.5%