Price for Steel, Stainless; Angles, Shapes and Sections in Uruguay - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Uruguay (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Uruguay (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Uruguay
- Exports of Steel, Stainless; Angles, Shapes and Sections in Uruguay
Price for Steel, Stainless; Angles, Shapes and Sections in Uruguay (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $4,456 per ton, growing by 31% against the previous year. In general, the import price, however, recorded a slight slump. The growth pace was the most rapid in 2021 an increase of 119%. The import price peaked at $7,295 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($4,692 per ton) and Finland ($4,507 per ton), while the price for China ($3,442 per ton) and India ($3,575 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Uruguay (FOB) - 2022
The average export price for steel, stainless stood at $5,818 per ton in 2022, flattening at the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 274%. Over the period under review, the average export prices hit record highs at $11,780 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($6,303 per ton), while the average price for exports to Paraguay ($3,853 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+0.2%).
Imports of Steel, Stainless; Angles, Shapes and Sections in Uruguay
In 2022, approx. 89 tons of steel, stainless were imported into Uruguay; increasing by 21% compared with the previous year. The total import volume increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless skyrocketed to $396K in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | 271 | 241 | 358 | 14.9% |
| India | 122 | 9.2 | 6.6 | 32.2 | -35.9% |
| Others | 67.5 | 6.3 | 2.8 | 5.4 | -56.9% |
| Total | 190 | 286 | 250 | 396 | 27.7% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Uruguay in 2022:
- Finland (79.4 tons)
- India (9.0 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Uruguay
In 2022, approx. 10 tons of steel, stainless were exported from Uruguay; growing by 121% on 2021 figures. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 920% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel, stainless surged to $62K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,485% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Steel, Stainless; Angles, Shapes and Sections in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | N/A | N/A | 51.0 | 0% |
| Free Zones | 2.2 | 34.6 | 26.7 | 10.0 | 65.7% |
| Paraguay | 0.1 | 1.8 | 1.0 | 0.8 | 100.0% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 2.4 | 37.7 | 27.7 | 61.9 | 195.5% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Uruguay in 2022:
- Chile (8.6 tons)
- Free Zones (1.6 tons)
- Paraguay (0.2 tons)
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