Chile: Iron Angle Market 2024

Iron Angle Market Size in Chile

The Chilean iron angle market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Iron Angle Production in Chile

In value terms, iron angle production stood at $X in 2022 estimated in export price. In general, production saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Iron angle production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Iron Angle Exports

Exports from Chile

In 2022, after two years of decline, there was significant growth in overseas shipments of angles, shapes and sections (of iron or non-alloy steel), when their volume increased by X% to X tons. Overall, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron angle exports surged to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for iron angle exports from Chile, accounting for a X% share of total exports. Moreover, iron angle exports to Bolivia exceeded the volume sent to the second major destination, Argentina (X tons), threefold. Paraguay (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Paraguay (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Paraguay, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average iron angle export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Paraguay ($X 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 Peru (X%), while the prices for the other major destinations experienced mixed trend patterns.

Iron Angle Imports

Imports into Chile

In 2022, approx. X tons of angles, shapes and sections (of iron or non-alloy steel) were imported into Chile; with a decrease of X% compared with 2021 figures. Over the period under review, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron angle imports expanded markedly to $X in 2022. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Spain (X tons) and South Korea (X tons) were the main suppliers of iron angle imports to Chile, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Turkey ($X), Spain ($X) and South Korea ($X) constituted the largest iron angle suppliers to Chile, with a combined X% share of total imports.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average iron angle import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron angle import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain 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 Brazil ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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