Chile: Market for Articles Of Iron Or Steel 2024

Market Size for Articles Of Iron Or Steel in Chile

The Chilean steel and iron articles market shrank modestly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Articles Of Iron Or Steel in Chile

In value terms, steel and iron articles production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible setback. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Articles Of Iron Or Steel

Exports from Chile

In 2022, shipments abroad of articles of iron or steel increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decrease. 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 failed to regain momentum.

In value terms, steel and iron articles exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Peru (X tons) and China (X tons) were the main destinations of steel and iron articles exports from Chile, together accounting for X% of total exports. Colombia, India, Ghana, the United States, Ecuador, Spain, South Korea, France, Germany and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Peru ($X) and the United States ($X) were the largest markets for steel and iron articles exported from Chile worldwide, together accounting for X% of total exports. Colombia, Ghana, Germany, China, Ecuador, India, Spain, Mexico, France and South Korea lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Chile

In 2022, steel and iron articles imports into Chile declined modestly to X tons, with a decrease of X% compared with the year before. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, steel and iron articles imports expanded sharply to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel and iron articles to Chile, with a X% share of total imports. Moreover, steel and iron articles imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of articles of iron or steel to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average steel and iron articles import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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