Latin America and the Caribbean: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Latin America and the Caribbean

After two years of growth, the Latin American ferro-titanium and ferro-silico-titanium market decreased by X% to $X in 2023. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2022, and then shrank sharply in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Production in Latin America and the Caribbean

In value terms, ferro-titanium and ferro-silico-titanium production rose sharply to $X in 2023 estimated in export price. The total production indicated a slight expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in Latin America and the Caribbean

In 2023, exports of ferro-titanium and ferro-silico-titanium in Latin America and the Caribbean skyrocketed to X tons, picking up by X% against the year before. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium exports surged to $X in 2023. Over the period under review, exports continue to indicate measured growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

Exports by Country

Brazil dominates exports structure, reaching X tons, which was near X% of total exports in 2023. Chile (X tons) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) and Chile (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest ferro-titanium and ferro-silico-titanium supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

In Brazil, ferro-titanium and ferro-silico-titanium exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per ton in 2022, and then fell notably 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 Brazil ($X per ton), while Chile amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in Latin America and the Caribbean

In 2023, approx. X tons of ferro-titanium and ferro-silico-titanium were imported in Latin America and the Caribbean; waning by X% on the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium imports shrank markedly to $X in 2023. Over the period under review, imports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Argentina (X tons), generating a X% share of total imports. The following importers - Chile (X tons) and Mexico (X tons) - together made up X% of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported ferro-titanium and ferro-silico-titanium in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced 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 Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform