Stainless Steel Wire Price in Paraguay - 2023

Stainless Steel Wire Price in Paraguay (CIF) - 2022

The average stainless steel wire import price stood at $6,652 per ton in 2022, increasing by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 127%. Over the period under review, average import prices attained the maximum at $8,992 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Taiwan (Chinese) ($34,036 per ton), while the price for China ($4,265 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Stainless Steel Wire Price in Paraguay (FOB) - 2022

In 2022, the average stainless steel wire export price amounted to $338 per ton, approximately mirroring the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 a decrease of 99.9%. The export price peaked at $451 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2020 to 2022, the rate of growth in terms of prices for Brazil amounted to -13.4% per year.

Stainless Steel Wire Imports in Paraguay

In 2022, the amount of stainless steel wire imported into Paraguay dropped markedly to 14 tons, reducing by -29.8% on the previous year's figure. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 20 tons, and then fell rapidly in the following year.

In value terms, stainless steel wire imports reduced to $93K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 56% against the previous year.

Import of Stainless Steel Wire in Paraguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	16.2	32.7	34.5	42.5	37.9%
Brazil	6.1	23.8	23.6	21.3	51.7%
Taiwan (Chinese)	3.5	9.7	8.0	13.4	56.4%
Argentina	2.1	1.4	8.1	9.3	64.2%
Italy	2.8	6.8	9.3	3.0	2.3%
United States	2.3	3.4	1.5	0.7	-32.7%
South Korea	0.6	1.3	0.8	N/A	15.5%
Others	28.4	17.9	18.8	2.4	-56.1%
Total	62.1	97.0	105	92.6	14.2%

Top Suppliers of Stainless Steel Wire to Paraguay in 2022:

China (10.0 tons)
Brazil (2.4 tons)
Italy (0.6 tons)
Taiwan (Chinese) (0.4 tons)
Argentina (0.4 tons)
United States (0.1 tons)

Stainless Steel Wire Exports in Paraguay

In 2022, approx. 207 kg of stainless steel wire were exported from Paraguay; almost unchanged from 2021. Overall, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, stainless steel wire exports amounted to $70 in 2022. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.