Latin America and the Caribbean: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Latin America and the Caribbean

In 2022, the Latin American pig iron articles market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Pig Iron Articles Production in Latin America and the Caribbean

In value terms, pig iron articles production contracted slightly to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Pig Iron Articles Exports

Exports in Latin America and the Caribbean

Pig iron articles exports contracted to X tons in 2022, waning by X% on the previous year's figure. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pig iron articles exports totaled $X in 2022. Overall, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. The following exporters - Mexico (X tons) and Costa Rica (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pig iron articles exports from Brazil stood at X%. Mexico (X%) and Costa Rica (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest pig iron articles supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports.

In Brazil, pig iron articles exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted buoyant growth. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Pig Iron Articles Imports

Imports in Latin America and the Caribbean

In 2022, the amount of granules and powders of pig iron imported in Latin America and the Caribbean contracted to X tons, declining by X% against 2021. In general, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pig iron articles imports expanded rapidly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) was the key importer of granules and powders of pig iron, making up X% of total imports. It was distantly followed by Brazil (X tons), creating a X% share of total imports. Colombia (X tons), Argentina (X tons), Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of granules and powders of pig iron. Colombia experienced a relatively flat trend pattern. Chile (X%), Peru (X%), Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported granules and powders of pig iron in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Mexico, pig iron articles imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, 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

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