MERCOSUR: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in MERCOSUR

After two years of growth, the MERCOSUR ferro-titanium and ferro-silico-titanium market decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a notable expansion. The level of consumption peaked at $X in 2022, and then reduced sharply in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Production in MERCOSUR

In value terms, ferro-titanium and ferro-silico-titanium production skyrocketed to $X in 2023 estimated in export price. In general, production posted a tangible expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in MERCOSUR

In 2023, approx. X tons of ferro-titanium and ferro-silico-titanium were exported in MERCOSUR; jumping by X% on the year before. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium exports surged to $X in 2023. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Brazil prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Chile (X tons) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Chile increased by X percentage points.

In value terms, Brazil ($X) remains the largest ferro-titanium and ferro-silico-titanium supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil stood at X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined in the following year.

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

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

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in MERCOSUR

Ferro-titanium and ferro-silico-titanium imports dropped rapidly to X tons in 2023, waning by X% against the previous year's figure. Overall, imports, however, enjoyed a moderate increase. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports contracted notably to $X in 2023. Over the period under review, imports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

Brazil represented the major importer of ferro-titanium and ferro-silico-titanium in MERCOSUR, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Argentina (X tons), constituting a X% share of total imports. Chile (X tons) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-titanium and ferro-silico-titanium imports into Brazil stood at X%. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Chile (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Chile saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported ferro-titanium and ferro-silico-titanium in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

In Brazil, ferro-titanium and ferro-silico-titanium imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then shrank 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 Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform