Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile - 2024

Contents:

1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile (CIF) - 2024
2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile
4. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile (CIF) - 2024

In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,440 per ton, stabilizing at the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 6% m-o-m. The import price peaked at $1,659 per ton in April 2023; however, from May 2023 to January 2024, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($6,399 per ton), while the price for Italy ($1,311 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 (+12.3%), while the prices for the other major suppliers experienced a decline.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile (FOB) - 2022

The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2,701 per ton in 2022, shrinking by -11.9% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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, plated or coated with non-zinc base metalses increased by +28.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 46%. As a result, the export price reached the peak level of $3,067 per ton, and then shrank in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($3,002 per ton), while the average price for exports to Brazil stood at $2,618 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile

In 2022, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses into Chile shrank significantly to 4.2K tons, which is down by -16.2% on the previous year's figure. In general, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, imports attained the peak of 5K tons, and then shrank rapidly in the following year.

In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses rose rapidly to $8.6M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 84%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Chile in 2022:

1. South Korea (3252.4 tons)
2. Italy (539.8 tons)
3. Mexico (179.3 tons)
4. China (157.1 tons)

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Chile

In 2022, approx. 252 tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were exported from Chile; increasing by 1,096% compared with the previous year. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses surged to $681K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Chile in 2022:

1. Brazil (197.6 tons)
2. Peru (54.3 tons)

Source: IndexBox Market Intelligence Platform