Price for Iron or Steel; Cast Articles in Chile - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Chile (FOB) - 2022
- Price for Iron or Steel; Cast Articles in Chile (CIF) - 2022
- Exports of Iron or Steel; Cast Articles in Chile
- Imports of Iron or Steel; Cast Articles in Chile
Price for Iron or Steel; Cast Articles in Chile (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $1,104 per ton in 2022, rising by 52% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles export price increased by +98.8% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($1,198 per ton), while the average price for exports to Bolivia ($234 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 Indonesia (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Steel; Cast Articles in Chile (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $2,293 per ton, jumping by 20% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $2,634 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Belgium ($36,700 per ton), while the price for Thailand ($2,010 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Cast Articles in Chile
In 2022, the amount of iron or steel; cast articleses exported from Chile fell significantly to 22K tons, declining by -35.5% compared with 2021 figures. Over the period under review, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1% against the previous year.
In value terms, iron or steel; cast articles exports shrank to $24M in 2022. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 43%.
| Export of Iron or Steel; Cast Articles in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 24.7 | 12.3 | 21.6 | 21.9 | -3.9% |
| Indonesia | 1.8 | 1.3 | 1.5 | 1.2 | -12.6% |
| Bolivia | 0.4 | 0.1 | 0.5 | 0.6 | 14.5% |
| Paraguay | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
| Vietnam | 2.4 | 2.0 | 0.3 | N/A | -64.6% |
| Others | 1.1 | 1.5 | 0.6 | 0.2 | -43.3% |
| Total | 30.4 | 17.3 | 24.7 | 24.2 | -7.3% |
Top Export Markets for Iron or Steel; Cast Articles from Chile in 2022:
- Brazil (18.3K tons)
- Indonesia (3.0K tons)
- Bolivia (2.7K tons)
- Paraguay (0.5K tons)
Imports of Iron or Steel; Cast Articles in Chile
After two years of decline, supplies from abroad of iron or steel; cast articleses increased by 5.3% to 11K tons in 2022. Over the period under review, imports, however, showed a drastic downturn.
In value terms, iron or steel; cast articles imports soared to $26M in 2022. Overall, imports, however, showed a abrupt curtailment.
| Import of Iron or Steel; Cast Articles in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.3 | 4.3 | 5.6 | 8.8 | 11.8% |
| India | 1.6 | 4.7 | 4.4 | 7.9 | 70.3% |
| Thailand | 3.9 | 4.1 | 2.1 | 2.0 | -20.0% |
| United States | 0.9 | 0.7 | 1.9 | 1.9 | 28.3% |
| Argentina | 6.5 | 3.2 | 2.5 | 1.9 | -33.6% |
| Brazil | 1.8 | 1.6 | 0.8 | 1.1 | -15.1% |
| Spain | 2.2 | 0.8 | 1.0 | 0.4 | -43.3% |
| Peru | 6.1 | N/A | 0.1 | N/A | -87.2% |
| Others | 1.4 | 1.5 | 2.0 | 1.6 | 4.6% |
| Total | 30.6 | 20.9 | 20.4 | 25.7 | -5.7% |
Top Suppliers of Iron or Steel; Cast Articles to Chile in 2022:
- Peru (undefinedK tons)
- China (3.9K tons)
- India (3.6K tons)
- Thailand (1.0K tons)
- Argentina (0.7K tons)
- United States (0.6K tons)
- Brazil (0.4K tons)
- Spain (0.1K tons)
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This report provides an in-depth analysis of the market for non-malleable cast iron articles in Chile.
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