Price for Hot-Rolled Wire Rod in Coils in Bolivia - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Bolivia (CIF) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Bolivia
Price for Hot-Rolled Wire Rod in Coils in Bolivia (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $989 per ton in 2022, increasing by 18% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +69.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($1,007 per ton), while the price for Mexico ($648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Bolivia
In 2022, approx. 29K tons of hot-rolled wire rods in coils were imported into Bolivia; increasing by 5.1% against the previous year's figure. Overall, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
In value terms, hot-rolled wire rod in coils imports skyrocketed to $28M in 2022. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 77%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
Import of Hot-Rolled Wire Rod in Coils in Bolivia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 8.0 | 8.6 | 11.0 | 22.5 | 41.2% |
Argentina | 8.8 | 3.1 | 10.6 | 3.9 | -23.8% |
China | 0.6 | 0.2 | 0.1 | 0.7 | 5.3% |
Mexico | 0.6 | 0.5 | 0.6 | 0.6 | 0.0% |
Peru | 0.1 | 0.2 | 0.4 | 0.5 | 71.0% |
Others | 0.3 | 0.4 | 0.2 | 0.2 | -12.6% |
Total | 18.5 | 12.9 | 22.9 | 28.4 | 15.4% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Bolivia in 2022:
- Brazil (22.4K tons)
- Argentina (3.9K tons)
- Mexico (0.9K tons)
- China (0.7K tons)
- Peru (0.5K tons)
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