MERCOSUR: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in MERCOSUR

The MERCOSUR aluminium alloy wire market declined to $X in 2022, waning by X% against the previous year. In general, consumption showed a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aluminium Alloy Wire Production in MERCOSUR

In value terms, aluminium alloy wire production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced curtailment. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aluminium Alloy Wire Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas shipments of aluminium alloy wire, when their volume decreased by X% to X tons. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aluminium alloy wire exports reduced modestly to $X in 2022. In general, exports saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina was the major exporter of aluminium alloy wire in MERCOSUR, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Venezuela (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%). Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest aluminium alloy wire supplying countries in MERCOSUR were Brazil ($X), Argentina ($X) and Venezuela ($X), with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Aluminium Alloy Wire Imports

Imports in MERCOSUR

In 2022, approx. X tons of aluminium alloy wire were imported in MERCOSUR; with a decrease of X% on the year before. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium alloy wire imports dropped to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Brazil (X tons) was the major importer of aluminium alloy wire, comprising X% of total imports. It was distantly followed by Ecuador (X tons), Colombia (X tons) and Argentina (X tons), together comprising a X% share of total imports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aluminium alloy wire imports into Brazil stood at X%. At the same time, Colombia (X%), Argentina (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), Ecuador (X p.p.) and Argentina (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported aluminium alloy wire in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Ecuador ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, aluminium alloy wire imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :