Paraguay: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in Paraguay

The Paraguayan hot-rolled steel products market shrank significantly to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a moderate increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Hot-Rolled Steel Products Exports

Exports from Paraguay

In 2022, overseas shipments of flat-rolled products of iron or steel (not further worked than hot-rolled) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled steel products exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for hot-rolled steel products exports from Paraguay, accounting for a X% share of total exports. It was followed by Bolivia (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina was relatively modest.

In value terms, Argentina ($X) emerged as the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from Paraguay, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina was relatively modest.

Export Prices by Country

The average hot-rolled steel products export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Bolivia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%).

Hot-Rolled Steel Products Imports

Imports into Paraguay

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were imported into Paraguay; which is down by X% on 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hot-rolled steel products imports fell notably to $X in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest hot-rolled steel products supplier to Paraguay, accounting for a X% share of total imports. Moreover, hot-rolled steel products imports from Argentina exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than hot-rolled) to Paraguay, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

The average hot-rolled steel products import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a perceptible expansion 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, hot-rolled steel products import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and China ($X per ton), while the price for Turkey ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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