Chile: Flat-Rolled Steel Products Market 2024

Flat-Rolled Steel Products Market Size in Chile

The Chilean flat-rolled steel products market expanded to $X in 2023, surging by X% against the previous year. In general, consumption continues to indicate a prominent expansion. Flat-rolled steel products consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Flat-Rolled Steel Products Production in Chile

In value terms, flat-rolled steel products production totaled $X in 2023 estimated in export price. Overall, production saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Flat-Rolled Steel Products Exports

Exports from Chile

In 2023, shipments abroad of flat-rolled products of iron or non-alloy steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, flat-rolled steel products exports declined markedly to $X in 2023. In general, exports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Panama (X tons), Peru (X tons) and Mozambique (X tons) were the main destinations of flat-rolled steel products exports from Chile.

From 2012 to 2023, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Peru ($X) and Bolivia ($X) appeared to be the largest markets for flat-rolled steel products exported from Chile worldwide.

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

Export Prices by Country

The average flat-rolled steel products export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Chile

In 2023, overseas purchases of flat-rolled products of iron or non-alloy steel decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports declined remarkably to $X in 2023. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted notably in the following year.

Imports by Country

China (X tons), Japan (X tons) and Brazil (X tons) were the main suppliers of flat-rolled steel products imports to Chile, with a combined X% share of total imports. Turkey, the United States, the Netherlands and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Brazil ($X) appeared to be the largest flat-rolled steel products suppliers to Chile, with a combined X% share of total imports. Turkey, the Netherlands, the United States and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flat-rolled steel products import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flat-rolled steel products import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, 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