Price for Hot-Rolled Wire Rod in Coils in Costa Rica - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Costa Rica (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Costa Rica (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Costa Rica
- Exports of Hot-Rolled Wire Rod in Coils in Costa Rica
Price for Hot-Rolled Wire Rod in Coils in Costa Rica (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $725 per ton in 2022, shrinking by -1.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 38%. As a result, import price attained the peak level of $740 per ton, and then fell slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Nicaragua ($857 per ton) and Mexico ($827 per ton), while the price for China ($695 per ton) and Brazil ($729 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled Wire Rod in Coils in Costa Rica (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $1,941 per ton in 2022, reducing by -17.5% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 an increase of 166% against the previous year. As a result, the export price reached the peak level of $2,353 per ton, and then declined remarkably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($1,990 per ton), while the average price for exports to Nicaragua ($646 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Costa Rica
In 2022, the amount of hot-rolled wire rods in coils imported into Costa Rica soared to 16K tons, increasing by 55% on the previous year's figure. Overall, imports showed a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 276%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, hot-rolled wire rod in coils imports soared to $12M in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 418% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 1.2 | 6.5 | 441.7% |
| Brazil | 3.6 | 0.1 | 1.8 | 3.1 | -4.9% |
| Mexico | N/A | 0.1 | 0.4 | 1.8 | 324.3% |
| Nicaragua | 0.6 | 0.6 | 0.4 | 0.2 | -30.7% |
| Russia | N/A | N/A | 3.1 | N/A | 0% |
| Chile | N/A | 0.6 | N/A | N/A | 0% |
| Turkey | 3.4 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.2 | 0.8 | 0.2 | -20.6% |
| Total | 8.0 | 1.5 | 7.7 | 11.7 | 13.5% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Costa Rica in 2022:
- China (9.3K tons)
- Brazil (4.3K tons)
- Mexico (2.1K tons)
- Nicaragua (0.3K tons)
Exports of Hot-Rolled Wire Rod in Coils in Costa Rica
In 2022, shipments abroad of hot-rolled wire rods in coils was finally on the rise to reach 31 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a deep contraction.
In value terms, hot-rolled wire rod in coils exports surged to $60K in 2022. In general, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sierra Leone | N/A | N/A | N/A | 57.8 | 0% |
| United States | 0.8 | 8.4 | 10.3 | 2.1 | 37.9% |
| Nicaragua | N/A | 28.1 | N/A | 0.1 | -94.0% |
| Mexico | N/A | N/A | 24.7 | N/A | 0% |
| Honduras | 55.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 56.7 | 36.5 | 34.9 | 59.9 | 1.8% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Costa Rica in 2022:
- Sierra Leone (29.0 tons)
- United States (1.7 tons)
- Nicaragua (0.1 tons)
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