Price for Chain and Parts Thereof, of Iron or Steel in Chile - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Chile (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Chile (FOB) - 2024
- Imports of Chain and Parts Thereof, of Iron or Steel in Chile
- Exports of Chain and Parts Thereof, of Iron or Steel in Chile
Price for Chain and Parts Thereof, of Iron or Steel in Chile (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $4,011 per ton in 2022, increasing by 18% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 334%. Over the period under review, average import prices hit record highs at $29,852 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16,083 per ton), while the price for China ($2,130 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Chile (FOB) - 2024
In January 2024, the average export price for chain and parts thereof, of iron or steel amounted to $9,996 per ton, rising by 37% against the previous month. Over the period under review, the export price, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in December 2023 when the average export price increased by 45% month-to-month. The export price peaked at $11,581 per ton in October 2023; however, from November 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was the Netherlands ($70,484 per ton), while the average price for exports to Germany ($3,041 per ton) was amongst the lowest.
From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+103.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Chile
For the third consecutive year, Chile recorded decline in purchases abroad of chain and parts thereof, of iron or steel, which decreased by -1.4% to 19K tons in 2022. Overall, imports recorded a abrupt decline.
In value terms, imports of chain and parts thereof, of iron or steel surged to $75M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.4 | 22.3 | 29.4 | 30.4 | 4.8% |
| United States | 11.7 | 8.7 | 8.0 | 9.7 | -6.1% |
| Germany | 9.3 | 7.8 | 7.4 | 9.5 | 0.7% |
| Italy | 4.2 | 2.8 | 3.2 | 5.5 | 9.4% |
| Austria | 5.0 | 4.3 | 2.3 | 4.2 | -5.6% |
| Finland | 1.9 | 1.5 | 1.5 | 2.7 | 12.4% |
| Others | 10.6 | 8.3 | 12.6 | 13.0 | 7.0% |
| Total | 69.1 | 55.7 | 64.4 | 75.0 | 2.8% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Chile in 2022:
- China (14.3K tons)
- Germany (1.2K tons)
- Italy (0.7K tons)
- United States (0.6K tons)
- Austria (0.6K tons)
- Finland (0.3K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Chile
In 2022, approx. 271 tons of chain and parts thereof, of iron or steel were exported from Chile; with an increase of 48% against the year before. Overall, exports, however, recorded a perceptible downturn.
In value terms, exports of chain and parts thereof, of iron or steel surged to $2.2M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Export of Chain and Parts Thereof, of Iron or Steel in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 759 | 1,121 | 634 | 968 | 8.4% |
| Bolivia | 525 | 536 | 702 | 855 | 17.7% |
| Peru | 127 | 90.6 | 95.5 | 67.1 | -19.2% |
| United States | 109 | 260 | 47.2 | 42.1 | -27.2% |
| Uruguay | 83.4 | 26.1 | 10.9 | 7.8 | -54.6% |
| Others | 256 | 149 | 225 | 223 | -4.5% |
| Total | 1,860 | 2,182 | 1,715 | 2,163 | 5.2% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Chile in 2022:
- Argentina (125.2 tons)
- Bolivia (111.5 tons)
- Peru (14.6 tons)
- United States (3.3 tons)
- Uruguay (0.9 tons)
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