Price for Hot-Rolled Wire Rod in Coils in Uruguay - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Uruguay (CIF) - 2023
- Imports of Hot-Rolled Wire Rod in Coils in Uruguay
Price for Hot-Rolled Wire Rod in Coils in Uruguay (CIF) - 2023
The average import price for hot-rolled wire rods in coils stood at $822 per ton in December 2023, rising by 3.9% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 5% month-to-month. The import price peaked at $894 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Mexico ($930 per ton), while the price for Brazil ($775 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Argentina (+0.1%), while the prices for the other major suppliers experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Uruguay
In 2022, after three years of growth, there was significant decline in purchases abroad of hot-rolled wire rods in coils, when their volume decreased by -41.4% to 11K tons. In general, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 92%.
In value terms, hot-rolled wire rod in coils imports declined remarkably to $9.8M in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 101%. As a result, imports attained the peak of $14M, and then dropped rapidly in the following year.
| Import of Hot-Rolled Wire Rod in Coils in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 2.6 | 2.9 | 5.7 | 5.2 | 26.0% |
| Brazil | 1.3 | 3.7 | 3.9 | 4.3 | 49.0% |
| Mexico | N/A | N/A | N/A | 0.3 | 0% |
| Spain | N/A | 0.6 | 2.1 | N/A | 250.0% |
| Turkey | N/A | N/A | 2.7 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.9 | 7.2 | 14.4 | 9.8 | 36.0% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Uruguay in 2022:
- Argentina (5.9K tons)
- Brazil (4.5K tons)
- Mexico (0.3K tons)
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