Price for Iron or Steel; Cast Articles in Bolivia - 2023

Contents:

1. Price for Iron or Steel; Cast Articles in Bolivia (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Bolivia (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Bolivia
4. Exports of Iron or Steel; Cast Articles in Bolivia

Price for Iron or Steel; Cast Articles in Bolivia (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $1,650 per ton, growing by 74% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,058 per ton), while the price for Chile ($1,109 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Bolivia (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $4,335 per ton in 2022, growing by 229% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. Over the period under review, the average export prices reached the peak figure at $5,378 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($5,034 per ton), while the average price for exports to Chile ($1,019 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 Brazil (+177.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel; Cast Articles in Bolivia

For the fourth year in a row, Bolivia recorded growth in overseas purchases of iron or steel; cast articleses, which increased by 4.4% to 1K tons in 2022. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, iron or steel; cast articles imports surged to $1.7M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Steel; Cast Articles to Bolivia in 2022:

1. India (414.4 tons)
2. Chile (276.1 tons)
3. China (149.1 tons)
4. Brazil (100.8 tons)
5. Thailand (86.4 tons)
6. Peru (5.1 tons)

Exports of Iron or Steel; Cast Articles in Bolivia

In 2022, shipments abroad of iron or steel; cast articleses decreased by -91.5% to 8.5 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 927% against the previous year.

In value terms, iron or steel; cast articles exports contracted significantly to $37K in 2022. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 122% against the previous year.

Top Export Markets for Iron or Steel; Cast Articles from Bolivia in 2022:

1. Mexico (5.7 tons)
2. Colombia (2.6 tons)
3. Chile (0.2 tons)

Source: IndexBox Market Intelligence Platform