MERCOSUR: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in MERCOSUR

The MERCOSUR hot-rolled steel products market rose markedly to $X in 2023, picking up by X% against the previous year. In general, consumption, however, continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Hot-Rolled Steel Products Production in MERCOSUR

In value terms, hot-rolled steel products production rose slightly to $X in 2023 estimated in export price. Overall, production showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports in MERCOSUR

In 2023, exports of flat-rolled products of iron or steel (not further worked than hot-rolled) in MERCOSUR dropped dramatically to X tons, declining by X% compared with 2022 figures. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, hot-rolled steel products exports dropped significantly to $X in 2023. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

Brazil prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Argentina (X tons), mixing up a X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. Argentina (X%) illustrated a downward trend over the same period. Argentina (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest hot-rolled steel products supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

In Brazil, hot-rolled steel products exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, posted mild growth. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil stood at $X per ton.

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

Hot-Rolled Steel Products Imports

Imports in MERCOSUR

Hot-rolled steel products imports surged to X tons in 2023, picking up by X% against the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, hot-rolled steel products imports rose rapidly to $X in 2023. Over the period under review, imports enjoyed temperate growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of hot-rolled steel products imports in 2023 were Brazil (X tons), Colombia (X tons) and Chile (X tons), together amounting to X% of total import. It was distantly followed by Peru (X tons), Ecuador (X tons) and Argentina (X tons), together making up a X% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Ecuador, Peru, Argentina and Paraguay lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 MERCOSUR stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated mild growth 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, hot-rolled steel products import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then dropped notably 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 Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform