MERCOSUR: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in MERCOSUR

After three years of decline, the MERCOSUR metal liquid fuel appliances market increased by 23% to $X in 2022. Over the period under review, consumption, however, showed a pronounced slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in MERCOSUR

In value terms, metal liquid fuel appliances production rose notably to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 84%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in MERCOSUR

In 2022, shipments abroad of iron or steel liquid fuel domestic appliances increased by 11% to X units, rising for the second year in a row after two years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 698% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, metal liquid fuel appliances exports expanded significantly to $X in 2022. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 1,011% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Brazil (X units), together resulting at 98% of total export.

Brazil was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances exports, with a CAGR of +87.3% from 2012 to 2022. From 2012 to 2022, the share of Brazil increased by +97 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest metal liquid fuel appliances supplier in MERCOSUR.

In Brazil, metal liquid fuel appliances exports increased at an average annual rate of +33.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, stabilizing at the previous year. In general, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by 201%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -29.0% per year.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in MERCOSUR

In 2022, after three years of decline, there was significant growth in overseas purchases of iron or steel liquid fuel domestic appliances, when their volume increased by 44% to X units. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 92%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal liquid fuel appliances imports surged to $X in 2022. Over the period under review, imports continue to indicate slight growth. The pace of growth was the most pronounced in 2014 when imports increased by 121%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile was the main importer of iron or steel liquid fuel domestic appliances in MERCOSUR, with the volume of imports finishing at X units, which was near 86% of total imports in 2022. It was distantly followed by Brazil (X units), constituting an 11% share of total imports. Argentina (X units) held a relatively small share of total imports.

Imports into Chile decreased at an average annual rate of -6.8% from 2012 to 2022. At the same time, Argentina (+11.7%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +11.7% from 2012-2022. By contrast, Brazil (-7.7%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported iron or steel liquid fuel domestic appliances in MERCOSUR, comprising 98% of total imports. The second position in the ranking was held by Brazil ($X), with a 0.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-10.2% per year) and Argentina (+13.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, dropping by -17.2% against the previous year. In general, the import price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 when the import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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