MERCOSUR: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in MERCOSUR

The MERCOSUR stainless steel angle market reduced to $X in 2023, waning by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in MERCOSUR

In value terms, stainless steel angle production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Stainless Steel Angle Exports

Exports in MERCOSUR

In 2023, the amount of angles, shapes and sections of stainless steel or other alloy steel exported in MERCOSUR soared to X tons, jumping by X% against the previous year. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel angle exports soared to $X in 2023. In general, exports, however, faced a deep setback. The growth pace was the most rapid 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 remained at a lower figure.

Exports by Country

Chile prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Suriname (X tons), constituting a X% share of total exports. The following exporters - Brazil (X tons), Venezuela (X tons), Colombia (X tons) and Uruguay (X tons) - together made up X% of total exports.

Exports from Chile increased at an average annual rate of X% from 2012 to 2023. At the same time, Uruguay (X%), Suriname (X%), Colombia (X%) and Venezuela (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.), Suriname (X p.p.), Uruguay (X p.p.), Venezuela (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Chile ($X) emerged as the largest stainless steel angle supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Suriname, with a X% share.

In Chile, stainless steel angle exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Suriname (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 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. From 2016 to 2023, the export prices failed to regain momentum.

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 ($X per ton), while Chile ($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.

Stainless Steel Angle Imports

Imports in MERCOSUR

After two years of growth, supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons in 2023. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel angle imports shrank significantly to $X in 2023. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and Colombia (X tons) were the main importers of angles, shapes and sections of stainless steel or other alloy steel in 2023, accounting for near X% and X% of total imports, respectively. Ecuador (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Venezuela (X%) and Chile (X%). Guyana (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Colombia ($X) and Ecuador ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Colombia, with a CAGR of X%, recorded 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, shrinking by X% against the previous year. Import price indicated a moderate expansion from 2012 to 2023: its price 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, stainless steel angle import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then contracted 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 ($X per ton), while Ecuador ($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