Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,020 per ton in January 2024, increasing by 8.5% against the previous month. Over the period under review, the import price, however, recorded a slight reduction. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 24% against the previous month. As a result, import price reached the peak level of $1,351 per ton. From August 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,281 per ton), while the price for China ($841 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,417 per ton, rising by 33% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel wire, not plated or coateds increased by +53.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($23,793 per ton), while the average price for exports to Costa Rica ($656 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 Canada (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile
Imports of iron or non-alloy steel wire, not plated or coateds into Chile declined significantly to 11K tons in 2022, dropping by -43.7% against 2021. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of 20K tons, and then declined sharply in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds declined remarkably to $17M in 2022. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 137%. As a result, imports reached the peak of $25M, and then fell remarkably in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.7 | 1.9 | 5.9 | 4.4 | 17.7% |
| China | 3.8 | 2.4 | 8.4 | 4.1 | 2.6% |
| Turkey | 2.9 | 2.3 | 5.2 | 3.0 | 1.1% |
| Portugal | 1.6 | 1.4 | 2.0 | 2.0 | 7.7% |
| Mexico | 1.1 | 0.9 | 1.1 | 1.6 | 13.3% |
| Peru | 0.1 | N/A | 0.3 | 0.5 | 71.0% |
| Ecuador | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Brazil | 0.2 | 0.4 | 0.4 | 0.2 | 0.0% |
| Others | 1.2 | 1.2 | 1.7 | 1.1 | -2.9% |
| Total | 13.7 | 10.6 | 25.2 | 17.2 | 7.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Chile in 2022:
- China (3.0K tons)
- Spain (2.8K tons)
- Turkey (2.2K tons)
- Portugal (1.3K tons)
- Mexico (0.9K tons)
- Peru (0.3K tons)
- Ecuador (0.2K tons)
- Brazil (0.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile
After three years of growth, overseas shipments of iron or non-alloy steel wire, not plated or coateds decreased by -55.8% to 365 tons in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 146%. As a result, the exports attained the peak of 825 tons, and then shrank notably in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds shrank dramatically to $517K in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 182%. As a result, the exports reached the peak of $878K, and then plummeted in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 120 | 138 | 309 | 276 | 32.0% |
| Peru | 8.0 | 50.8 | 382 | 136 | 157.1% |
| Brazil | 21.1 | 16.6 | 28.3 | 20.3 | -1.3% |
| Sweden | 13.0 | 13.7 | 24.4 | 18.3 | 12.1% |
| United States | 21.7 | 19.4 | 29.2 | 16.0 | -9.7% |
| Costa Rica | 15.9 | 13.1 | 18.1 | 10.6 | -12.6% |
| Uruguay | 19.1 | 3.7 | 13.1 | 9.1 | -21.9% |
| Others | 74.5 | 55.9 | 74.4 | 29.9 | -26.2% |
| Total | 294 | 311 | 878 | 517 | 20.7% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Chile in 2022:
- Argentina (213.7 tons)
- Peru (93.1 tons)
- Sweden (18.3 tons)
- Costa Rica (16.1 tons)
- Brazil (8.5 tons)
- Uruguay (6.1 tons)
- United States (4.5 tons)
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