Price for Iron and Non-Alloy Steel in Ingot in Uruguay - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Uruguay (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Uruguay (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Uruguay
- Exports of Iron and Non-Alloy Steel in Ingot in Uruguay
Price for Iron and Non-Alloy Steel in Ingot in Uruguay (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $2,450 per ton in 2022, shrinking by -3.9% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 43%. The import price peaked at $6,378 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +109.4% per year.
Price for Iron and Non-Alloy Steel in Ingot in Uruguay (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $969 per ton in 2021, rising by 8.5% against the previous year. Over the period from 2016 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 9.3% against the previous year. The export price peaked at $1,057 per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Paraguay.
From 2016 to 2021, the rate of growth in terms of prices for Paraguay amounted to +1.0% per year.
Imports of Iron and Non-Alloy Steel in Ingot in Uruguay
Imports of iron and non-alloy steel in ingots into Uruguay skyrocketed to 1.5 tons in 2022, jumping by 44% on the year before. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 457% against the previous year. As a result, imports reached the peak of 1.9 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron and non-alloy steel in ingots surged to $3.7K in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 262% against the previous year. As a result, imports reached the peak of $4.7K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Iron and Non-Alloy Steel in Ingot in Uruguay (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 273 | 528 | 1.0 | 28.0 | -53.2% |
| Finland | N/A | N/A | 1,247 | N/A | 0% |
| United States | 495 | 3,952 | 151 | N/A | -44.8% |
| Others | 524 | 195 | 1,248 | 3,633 | 90.7% |
| Total | 1,292 | 4,675 | 2,647 | 3,661 | 41.5% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Uruguay in 2022:
- Brazil (3.0 kg)
Exports of Iron and Non-Alloy Steel in Ingot in Uruguay
In 2021, exports of iron and non-alloy steel in ingots from Uruguay dropped markedly to 2.8 tons, reducing by -26.3% against the year before. Overall, exports faced a abrupt descent. The smallest decline of -5.3% was in 2020.
In value terms, exports of iron and non-alloy steel in ingots reduced rapidly to $2.7K in 2021. In general, exports showed a dramatic contraction.
| Export of Iron and Non-Alloy Steel in Ingot in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Paraguay | 4.2 | 3.4 | 2.7 | -19.8% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 4.2 | 3.4 | 2.7 | -19.8% | |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Uruguay in 2022:
- Paraguay (2.8 tons)
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