MERCOSUR: Steel Railway Material Market 2024

Steel Railway Material Market Size in MERCOSUR

After two years of growth, the MERCOSUR steel railway material market decreased by X% to $X in 2022. In general, consumption saw a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Steel Railway Material Production in MERCOSUR

In value terms, steel railway material production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Steel Railway Material Exports

Exports in MERCOSUR

In 2022, after three years of growth, there was significant decline in overseas shipments of railway or tramway track construction material of iron or steel, when their volume decreased by X% to X tons. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, steel railway material exports skyrocketed to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. The following exporters - Peru (X tons) and Chile (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to steel railway material exports from Brazil stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Peru increased by X and X percentage points, respectively.

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

In Brazil, steel railway material exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel railway material export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Steel Railway Material Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas purchases of railway or tramway track construction material of iron or steel, when their volume decreased by X% to X tons. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steel railway material imports expanded sharply to $X in 2022. Overall, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. Chile (X tons) held the second position in the ranking, followed by Colombia (X tons). All these countries together held approx. X% share of total imports. Argentina (X tons), Peru (X tons), Ecuador (X tons) and Uruguay (X tons) followed a long way behind the leaders.

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

In value terms, Brazil ($X) constitutes the largest market for imported railway or tramway track construction material of iron or steel in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (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 period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Uruguay ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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