MERCOSUR: Iron Angle Market 2024

Iron Angle Market Size in MERCOSUR

The MERCOSUR iron angle market rose slightly to $X in 2023, surging by X% against the previous year. Overall, consumption, however, saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Iron Angle Production in MERCOSUR

In value terms, iron angle production rose modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Iron Angle Exports

Exports in MERCOSUR

In 2023, after two years of growth, there was decline in overseas shipments of angles, shapes and sections (of iron or non-alloy steel), when their volume decreased by X% to X tons. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, iron angle exports shrank to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Brazil represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Peru (X tons) and Argentina (X tons), together achieving a X% share of total exports. Ecuador (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of angles, shapes and sections (of iron or non-alloy steel). At the same time, Ecuador (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Ecuador (X 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, Brazil ($X) remains the largest iron angle supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2023, 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 (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Ecuador ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the export price figures.

Iron Angle Imports

Imports in MERCOSUR

In 2023, the amount of angles, shapes and sections (of iron or non-alloy steel) imported in MERCOSUR expanded modestly to X tons, picking up by X% against the previous year's figure. In general, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, iron angle imports reduced to $X in 2023. Overall, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of angles, shapes and sections (of iron or non-alloy steel), namely Colombia, Peru and Argentina, represented more than two-thirds of total import. It was distantly followed by Chile (X tons), Brazil (X tons) and Paraguay (X tons), together committing a X% share of total imports. Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Paraguay (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest iron angle importing markets in MERCOSUR were Colombia ($X), Argentina ($X) and Peru ($X), together comprising X% of total imports.

Among the main importing countries, Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron angle import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform