Price for Chain and Parts Thereof, of Iron or Steel in Uruguay - 2023

Contents:

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

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

The average import price for chain and parts thereof, of iron or steel stood at $5,461 per ton in 2022, jumping by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16,108 per ton), while the price for China ($3,425 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.3%), 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 Uruguay (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $6,520 per ton, reducing by -52.1% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 129% against the previous year. Over the period under review, the average export prices hit record highs at $51,083 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($26,734 per ton), while the average price for exports to Chile ($13,273 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 Brazil (+7.2%), 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 Uruguay

Imports of chain and parts thereof, of iron or steel into Uruguay soared to 811 tons in 2022, with an increase of 46% against the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of chain and parts thereof, of iron or steel surged to $4.4M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +64.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (604.0 tons)
2. Brazil (38.2 tons)
3. Sweden (34.2 tons)
4. United States (32.6 tons)
5. Italy (27.6 tons)
6. Taiwan (Chinese) (13.6 tons)

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

Exports of chain and parts thereof, of iron or steel from Uruguay soared to 9.2 tons in 2022, with an increase of 193% against the previous year's figure. Overall, exports continue to indicate significant growth. As a result, the exports reached 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 soared to $156K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached 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 Uruguay in 2022:

1. Chile (6.4 tons)
2. Brazil (2.2 tons)
3. Paraguay (0.3 tons)
4. Argentina (0.2 tons)

Source: IndexBox Market Intelligence Platform