Price for Chain and Parts Thereof, of Iron or Steel in Peru - 2022

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Peru (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Peru (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Peru
4. Exports of Chain and Parts Thereof, of Iron or Steel in Peru

Price for Chain and Parts Thereof, of Iron or Steel in Peru (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $4,239 per ton, with an increase of 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 34% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($13,377 per ton), while the price for China ($3,086 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 (+7.6%), 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 Peru (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $9,004 per ton in 2022, declining by -6.4% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 chain and parts thereof, of iron or steel increased by +8.9% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 65% against the previous year. The export price peaked at $11,298 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($25,354 per ton), while the average price for exports to China ($1,000 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 Bolivia (+14.0%), 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 Peru

In 2022, after three years of growth, there was significant decline in purchases abroad of chain and parts thereof, of iron or steel, when their volume decreased by -12.2% to 9.7K tons. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 11K tons, and then dropped in the following year.

In value terms, imports of chain and parts thereof, of iron or steel declined modestly to $41M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. As a result, imports attained the peak of $43M, and then fell in the following year.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Peru in 2022:

1. China (8.5K tons)
2. Germany (0.3K tons)
3. United States (0.2K tons)
4. Austria (0.2K tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Peru

For the fourth consecutive year, Peru recorded growth in overseas shipments of chain and parts thereof, of iron or steel, which increased by 44% to 113 tons in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chain and parts thereof, of iron or steel skyrocketed to $1.1M in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Peru in 2022:

1. Chile (19.2 tons)
2. Colombia (19.0 tons)
3. United States (10.0 tons)
4. Ecuador (10.0 tons)
5. Indonesia (9.7 tons)
6. Costa Rica (8.6 tons)
7. Panama (8.0 tons)
8. Argentina (4.0 tons)
9. Bolivia (2.3 tons)

Source: IndexBox Market Intelligence Platform