Aluminium Wire Price in Chile - 2023

Contents:

1. Aluminium Wire Price in Chile (CIF) - 2022
2. Aluminium Wire Price in Chile (FOB) - 2022
3. Aluminium Wire Imports in Chile
4. Aluminium Wire Exports in Chile

Aluminium Wire Price in Chile (CIF) - 2022

In 2022, the average aluminium wire import price amounted to $3,823 per ton, reducing by -9.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, average import prices hit record highs at $4,854 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,728 per ton), while the price for Turkey ($1,880 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.8%), while the prices for the other major suppliers experienced a decline.

Aluminium Wire Price in Chile (FOB) - 2022

In 2022, the average aluminium wire export price amounted to $3,041 per ton, growing by 12% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium wire export price increased by +96.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 75%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +23.5% per year.

Aluminium Wire Imports in Chile

Aluminium wire imports into Chile dropped markedly to 418 tons in 2022, waning by -20.5% compared with the previous year. Overall, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 91%. As a result, imports attained the peak of 525 tons, and then dropped markedly in the following year.

In value terms, aluminium wire imports declined dramatically to $1.6M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 131% against the previous year. As a result, imports reached the peak of $2.2M, and then shrank significantly in the following year.

Top Suppliers of Aluminium Wire to Chile in 2022:

1. Spain (167.0 tons)
2. China (111.7 tons)
3. United States (86.2 tons)
4. Turkey (28.6 tons)
5. Argentina (8.6 tons)
6. Italy (8.0 tons)

Aluminium Wire Exports in Chile

For the third consecutive year, Chile recorded decline in shipments abroad of aluminium wires, which decreased by -28.6% to 63 tons in 2022. Over the period under review, exports faced a sharp decline. The smallest decline of -5.2% was in 2021.

In value terms, aluminium wire exports contracted remarkably to $192K in 2022. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year.

Top Export Markets for Aluminium Wire from Chile in 2022:

1. Netherlands (61.6 tons)

Source: IndexBox Market Intelligence Platform