Latin America and the Caribbean: Iron Household Articles Market 2024

Iron Household Articles Market Size in Latin America and the Caribbean

The Latin American iron household articles market shrank slightly to $X in 2023, which is down by X% against the previous year. The total consumption indicated a noticeable increase 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Iron Household Articles Production in Latin America and the Caribbean

In value terms, iron household articles production fell to $X in 2023 estimated in export price. The total production indicated notable growth 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 most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Iron Household Articles Exports

Exports in Latin America and the Caribbean

In 2023, approx. X tons of table, kitchen or household articles and parts of iron were exported in Latin America and the Caribbean; which is down by X% on the year before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, iron household articles exports reduced rapidly to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Mexico (X tons) represented the major exporter of table, kitchen or household articles and parts of iron, generating X% of total exports. Brazil (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Nicaragua (X%) and Chile (X%). The following exporters - Panama (X tons), Guatemala (X tons) and Colombia (X tons) - each accounted for a X% share of total exports.

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

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

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

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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

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

Iron Household Articles Imports

Imports in Latin America and the Caribbean

In 2023, approx. X tons of table, kitchen or household articles and parts of iron were imported in Latin America and the Caribbean; waning by X% compared with the previous year. Total imports indicated temperate growth from 2012 to 2023: its volume 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, iron household articles imports shrank to $X in 2023. Total imports indicated a pronounced expansion 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons), Chile (X tons) and Brazil (X tons) represented roughly X% of total imports in 2023. Guatemala (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%). The following importers - Peru (X tons), Argentina (X tons), Paraguay (X tons), Honduras (X tons), Costa Rica (X tons), Venezuela (X tons) and Ecuador (X tons) - together made up X% 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 Guatemala (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron household articles importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined X% share of total imports. Colombia, Guatemala, Peru, Argentina, Venezuela, Costa Rica, Ecuador, Paraguay and Honduras lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, shrinking by 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 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform