Price for Wire of Other Alloy Steel in Chile - 2023
Contents:
- Price for Wire of Other Alloy Steel in Chile (CIF) - 2022
- Price for Wire of Other Alloy Steel in Chile (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Chile
- Exports of Wire of Other Alloy Steel in Chile
Price for Wire of Other Alloy Steel in Chile (CIF) - 2022
The average import price for wire of other alloy steels stood at $2,003 per ton in 2022, picking up by 22% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price increased by +67.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,720 per ton), while the price for China amounted to $1,684 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Price for Wire of Other Alloy Steel in Chile (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $1,147 per ton, remaining constant against the previous year. In general, the export price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 31% against the previous year. The export price peaked at $2,213 per ton in 2019; however, from 2020 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 Paraguay ($1,638 per ton), while the average price for exports to Peru ($857 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 Paraguay (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Wire of Other Alloy Steel in Chile
In 2022, imports of wire of other alloy steels into Chile fell to 4.4K tons, declining by -8.2% against the previous year. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports reached the peak of 4.8K tons, and then dropped in the following year.
In value terms, wire of other alloy steel imports rose notably to $8.8M in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 108% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Wire of Other Alloy Steel in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 3.1 | 6.5 | 6.6 | 12.8% |
| Turkey | N/A | N/A | 0.4 | 0.7 | 75.0% |
| Others | 0.3 | 0.6 | 0.9 | 1.4 | 67.1% |
| Total | 4.9 | 3.8 | 7.8 | 8.8 | 21.6% |
Top Suppliers of Wire of Other Alloy Steel to Chile in 2022:
- China (3.9K tons)
- Turkey (0.3K tons)
Exports of Wire of Other Alloy Steel in Chile
In 2022, overseas shipments of wire of other alloy steels decreased by 0% to 52 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 0.7% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, wire of other alloy steel exports totaled $60K in 2022. In general, exports saw a deep downturn. The smallest decline of -42.2% was in 2020.
| Export of Wire of Other Alloy Steel in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | N/A | N/A | N/A | 38.7 | 0% |
| Peru | 12.9 | N/A | N/A | 13.4 | 1.3% |
| Paraguay | N/A | 0.2 | N/A | 2.0 | 216.2% |
| Argentina | N/A | 64.5 | N/A | N/A | 0% |
| China | 95.8 | N/A | N/A | N/A | 0% |
| Others | 3.1 | N/A | N/A | 5.5 | 21.1% |
| Total | 112 | 64.7 | N/A | 59.6 | -19.0% |
Top Export Markets for Wire of Other Alloy Steel from Chile in 2022:
- Ecuador (34.6 tons)
- Peru (15.7 tons)
- Paraguay (1.2 tons)
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