Report Update Apr 1, 2024

Chile - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Iron And Steel Market 2024

Iron And Steel Market Size in Chile

In 2021, the Chilean iron and steel market increased by 16% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption, however, showed a pronounced decrease. Iron and steel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Iron And Steel Production in Chile

In value terms, iron and steel production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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Iron And Steel Exports

Exports from Chile

In 2021, shipments abroad of iron and steel increased by 52% to X tons, rising for the second consecutive year after five years of decline. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 4,477% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, iron and steel exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 7,150%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Bolivia (X tons) and Peru (X tons) were the main destinations of iron and steel exports from Chile.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +183.1%).

In value terms, Peru ($X) remains the key foreign market for iron and steel exports from Chile, comprising 93% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru amounted to +52.0%.

Export Prices by Country

In 2021, the average iron and steel export price amounted to $X per ton, growing by 31% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+22.3%).

Iron And Steel Imports

Imports into Chile

In 2021, approx. X tons of iron and steel were imported into Chile; increasing by 571% compared with the previous year. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel imports skyrocketed to $X in 2021. In general, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the main iron and steel supplier to Chile, with a 100% share of total imports. It was followed by Germany (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +23.5%.

In value terms, Brazil ($X) constituted the largest supplier of iron and steel to Chile, comprising 96% of total imports. The second position in the ranking was taken by Germany ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +15.9%.

Import Prices by Country

In 2021, the average iron and steel import price amounted to $X per ton, shrinking by -21.6% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 45%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+34.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel in the world?

China constituted the country with the largest volume of iron and steel consumption, accounting for 64% of total volume. Moreover, iron and steel consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold. India ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of iron and steel in the world?

The country with the largest volume of iron and steel production was China, accounting for 63% of total volume. Moreover, iron and steel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Japan ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of iron and steel to Chile?

In value terms, Brazil constituted the largest supplier of iron and steel to Chile, comprising 96% of total imports. The second position in the ranking was taken by Germany $226), with less than 0.1% share of total imports.

What are the leading importers of iron and steel from Chile?

In value terms, Peru remains the key foreign market for iron and steel exports from Chile, comprising 93% of total exports. The second position in the ranking was held by Bolivia, with a 7.1% share of total exports.

What is the average export price for iron and steel in Chile?

In 2021, the average iron and steel export price amounted to $1,223 per ton, rising by 31% against the previous year.

What is the average import price for iron and steel in Chile?

In 2021, the average iron and steel import price amounted to $362 per ton, with a decrease of -21.6% against the previous year.

This report provides an in-depth analysis of the iron and steel market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023