MERCOSUR: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in MERCOSUR

For the third consecutive year, the MERCOSUR market for tubes, pipes and hollow profiles (of iron or steel) recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, recorded a perceptible decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in MERCOSUR

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) expanded slightly to $X in 2023 estimated in export price. Overall, production, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports in MERCOSUR

In 2023, shipments abroad of tubes, pipes and hollow profiles (of iron or steel) increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2023. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil dominates steel) structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Ecuador (X tons), creating a X% share of total exports. The following exporters - Colombia (X tons) and Peru (X tons) - together made up X% of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Ecuador (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Brazil ($X) remains the largest iron or steel pipe and tube supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

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

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru ($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 a decline in the export price figures.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in overseas purchases of tubes, pipes and hollow profiles (of iron or steel), which increased by X% to X tons in 2023. In general, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2023. Overall, imports, however, continue to indicate a mild setback. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Colombia (X tons) and Brazil (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Peru (X tons), Chile (X tons), Argentina (X tons) and Ecuador (X tons), together generating a X% share of total imports. Guyana (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guyana (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, imports of tubes, pipes and hollow profiles (of iron or steel) increased 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: Colombia (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Import price indicated notable 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, import price for tubes, pipes and hollow profiles (of iron or steel) increased by X% against 2018 indices. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

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 Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform