Brazil - Wire Rod Of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Free-Cutting Steel Wire Rod in Brazil - 2023
Contents:
- Price for Free-Cutting Steel Wire Rod in Brazil (FOB) - 2022
- Price for Free-Cutting Steel Wire Rod in Brazil (CIF) - 2022
- Exports of Free-Cutting Steel Wire Rod in Brazil
- Imports of Free-Cutting Steel Wire Rod in Brazil
Price for Free-Cutting Steel Wire Rod in Brazil (FOB) - 2022
In 2022, the average free-cutting steel wire rod export price amounted to $1,035 per ton, increasing by 7.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 42%. As a result, the export price attained the peak level of $1,375 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($1,165 per ton) and the United States ($1,075 per ton), while the average price for exports to Ecuador ($890 per ton) and Argentina ($1,003 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Free-Cutting Steel Wire Rod in Brazil (CIF) - 2022
In 2022, the average free-cutting steel wire rod import price amounted to $1,080 per ton, surging by 15% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, free-cutting steel wire rod import price increased by +77.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Argentina.
From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +2.5% per year.
Exports of Free-Cutting Steel Wire Rod in Brazil
In 2022, exports of wire rod of free-cutting steel from Brazil expanded rapidly to 7K tons, growing by 12% compared with 2021 figures. Overall, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.
In value terms, free-cutting steel wire rod exports surged to $7.3M in 2022. In general, exports continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 79%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Export of Free-Cutting Steel Wire Rod in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.4 | 3.0 | 4.8 | 5.5 | 0.6% |
Ecuador | 0.5 | 0.2 | 1.1 | 1.4 | 40.9% |
Colombia | 0.1 | N/A | N/A | 0.2 | 26.0% |
Argentina | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Italy | 0.5 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 6.5 | 3.4 | 6.1 | 7.3 | 3.9% |
Top Export Markets for Free-Cutting Steel Wire Rod from Brazil in 2022:
- United States (5.2K tons)
- Ecuador (1.6K tons)
- Colombia (0.2K tons)
- Argentina (0.1K tons)
Imports of Free-Cutting Steel Wire Rod in Brazil
Free-cutting steel wire rod imports into Brazil surged to 2.8K tons in 2022, jumping by 146% against the previous year. In general, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, free-cutting steel wire rod imports skyrocketed to $3M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Free-Cutting Steel Wire Rod in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 1,154 | 588 | 758 | 2,966 | 37.0% |
Spain | 11.9 | N/A | 289 | N/A | 392.8% |
Others | 0.4 | N/A | N/A | 8.5 | 177.0% |
Total | 1,167 | 588 | 1,048 | 2,974 | 36.6% |
Top Suppliers of Free-Cutting Steel Wire Rod to Brazil in 2022:
- Argentina (2.7K tons)
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106120 - Wire rod of free-cutting steel
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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