Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Peru - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Peru (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Peru

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Peru (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,319 per ton, picking up by 30% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +73.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 33%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Germany ($5,747 per ton), while the price for Mexico ($2,185 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Peru

For the fourth year in a row, Peru recorded growth in overseas purchases of steel, alloy, which increased by 22% to 1.6K tons in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy skyrocketed to $5.3M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Peru in 2022:

1. China (739.3 tons)
2. United Arab Emirates (263.0 tons)
3. Germany (124.7 tons)
4. France (109.1 tons)
5. Italy (86.2 tons)
6. Japan (62.6 tons)
7. United States (62.2 tons)
8. Mexico (60.0 tons)
9. Russia (54.9 tons)

Source: IndexBox Market Intelligence Platform