Price for Hot-Rolled Wire Rod in Coils in Paraguay - 2024
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Paraguay (CIF) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Paraguay
Price for Hot-Rolled Wire Rod in Coils in Paraguay (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $989 per ton, growing by 23% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($1,036 per ton) and Brazil ($1,007 per ton), while the price for Chile ($945 per ton) and Turkey ($967 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Paraguay
In 2022, after three years of growth, there was significant decline in purchases abroad of hot-rolled wire rods in coils, when their volume decreased by -9.6% to 41K tons. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports attained the peak of 45K tons, and then reduced in the following year.
In value terms, hot-rolled wire rod in coils imports expanded remarkably to $40M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Hot-Rolled Wire Rod in Coils in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.3 | 9.3 | 20.3 | 19.6 | 65.8% |
| Brazil | 3.8 | 3.4 | 6.1 | 11.8 | 45.9% |
| Argentina | 7.7 | 4.2 | 9.4 | 6.9 | -3.6% |
| Chile | 1.7 | 2.1 | 0.2 | 1.8 | 1.9% |
| Others | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Total | 17.6 | 19.3 | 36.0 | 40.1 | 31.6% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Paraguay in 2022:
- Turkey (20.3K tons)
- Brazil (11.8K tons)
- Argentina (6.7K tons)
- Chile (1.9K tons)
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