Latin America and the Caribbean: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Latin America and the Caribbean

After two years of growth, the Latin American stainless steel angle market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Stainless Steel Angle Production in Latin America and the Caribbean

In value terms, stainless steel angle production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Stainless Steel Angle Exports

Exports in Latin America and the Caribbean

In 2023, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were exported in Latin America and the Caribbean; growing by X% against 2022. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, stainless steel angle exports soared to $X in 2023. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Costa Rica represented the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Chile (X tons) and Guatemala (X tons), together comprising a X% share of total exports. Mexico (X tons), the Dominican Republic (X tons), Trinidad and Tobago (X tons) and Suriname (X tons) held a minor share of total exports.

Exports from Costa Rica increased at an average annual rate of X% from 2012 to 2023. At the same time, Guatemala (X%), Suriname (X%) and Chile (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, the Dominican Republic (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Costa Rica (X p.p.), Chile (X p.p.), Guatemala (X p.p.) and Suriname (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Dominican Republic (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest stainless steel angle supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Costa Rica stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, dropping 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 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Stainless Steel Angle Imports

Imports in Latin America and the Caribbean

In 2023, the amount of angles, shapes and sections of stainless steel or other alloy steel imported in Latin America and the Caribbean shrank modestly to X tons, waning by X% compared with the year before. Total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports declined to $X in 2023. Total imports indicated temperate growth from 2012 to 2023: its value 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Mexico (X tons) was the major importer of angles, shapes and sections of stainless steel or other alloy steel, generating X% of total imports. Costa Rica (X tons) ranks second in terms of the total imports with an X% share, followed by Brazil (X%) and Colombia (X%). Ecuador (X tons), Guatemala (X tons) and Peru (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Costa Rica (X%), Guatemala (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%), Ecuador (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mexico, Costa Rica, Colombia and Guatemala increased by X, X, X and X percentage points, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported angles, shapes and sections of stainless steel or other alloy steel in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Costa Rica (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then fell in the following year.

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

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

Source: IndexBox Platform