Stainless Steel Wire Price in Chile - 2023
Contents:
- Stainless Steel Wire Price in Chile (CIF) - 2022
- Stainless Steel Wire Price in Chile (FOB) - 2022
- Stainless Steel Wire Imports in Chile
- Stainless Steel Wire Exports in Chile
Stainless Steel Wire Price in Chile (CIF) - 2022
The average stainless steel wire import price stood at $5,193 per ton in 2022, increasing by 26% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. 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 Brazil ($6,697 per ton), while the price for Indonesia ($3,721 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Wire Price in Chile (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $1,556 per ton, waning by -81.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 415% against the previous year. As a result, the export price attained the peak level of $8,485 per ton, and then dropped markedly in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($1,553 per ton), while the average price for exports to Peru amounted to $1,553 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+375.5%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Wire Imports in Chile
In 2022, approx. 1.3K tons of stainless steel wire were imported into Chile; surging by 14% on the year before. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire imports skyrocketed to $6.6M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +78.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.6 | 1.2 | 1.4 | 2.7 | 19.1% |
| Brazil | 1.0 | 0.8 | 0.4 | 1.7 | 19.3% |
| China | 1.2 | 0.7 | 1.5 | 1.7 | 12.3% |
| Indonesia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.7 | 1.0 | 1.1 | 0.4 | -17.0% |
| Total | 4.6 | 3.7 | 4.5 | 6.6 | 12.8% |
Top Suppliers of Stainless Steel Wire to Chile in 2022:
- India (528.4 tons)
- China (422.4 tons)
- Brazil (257.7 tons)
- Indonesia (24.2 tons)
Stainless Steel Wire Exports in Chile
In 2022, shipments abroad of stainless steel wire was finally on the rise to reach 28 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a sharp contraction.
In value terms, stainless steel wire exports shrank notably to $44K in 2022. Over the period under review, exports, however, saw a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by 25%.
| Export of Stainless Steel Wire in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 67.9 | 79.3 | 0.9 | 41.0 | -15.5% |
| Bolivia | 104 | N/A | 7.1 | 2.6 | -70.8% |
| Paraguay | 10.5 | 7.9 | N/A | 0.1 | -78.8% |
| Argentina | 8.2 | N/A | N/A | N/A | 0% |
| Mexico | N/A | 19.7 | 14.0 | N/A | -28.9% |
| Brazil | 34.6 | 9.4 | 117 | N/A | 83.9% |
| Others | 0.4 | 10.7 | 19.5 | N/A | 598.2% |
| Total | 226 | 127 | 159 | 43.8 | -42.1% |
Top Export Markets for Stainless Steel Wire from Chile in 2022:
- Paraguay (undefined tons)
- Peru (26.4 tons)
- Bolivia (1.7 tons)
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