Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru - 2022

Contents:

1. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru (CIF) - 2022
2. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru
4. Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru (CIF) - 2022

In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $694 per ton, waning by -8.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 41%. As a result, import price reached the peak level of $757 per ton, and then contracted in the following year.

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 Turkey ($789 per ton), while the price for Venezuela ($206 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru (FOB) - 2022

In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $897 per ton, declining by -6.7% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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; bars and rods, hot-rolled, in irregularly wound coilses increased by +97.9% against 2016 indices. The growth pace was the most rapid in 2018 when the average export price increased by 38%. Over the period under review, the average export prices reached the maximum at $961 per ton in 2021, and then contracted in the following year.

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 Ecuador ($1,283 per ton), while the average price for exports to Chile ($791 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 Chile (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru

In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Peru dropped rapidly to 108K tons, shrinking by -29.9% compared with the year before. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 149% against the previous year. As a result, imports reached the peak of 155K tons, and then fell markedly in the following year.

In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses contracted dramatically to $75M in 2022. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 250%. As a result, imports reached the peak of $117M, and then fell notably in the following year.

Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Peru in 2022:

1. China (56.5K tons)
2. Brazil (32.7K tons)
3. Turkey (11.1K tons)
4. Venezuela (4.3K tons)
5. Mexico (1.5K tons)

Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Peru

In 2022, after three years of growth, there was significant decline in shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -31.6% to 1.8K tons. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 172%. As a result, the exports reached the peak of 2.7K tons, and then dropped markedly in the following year.

In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses declined remarkably to $1.6M in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 262%. As a result, the exports reached the peak of $2.6M, and then contracted sharply in the following year.

Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Peru in 2022:

1. Chile (899.1 tons)
2. Colombia (360.2 tons)
3. Brazil (181.6 tons)
4. Panama (146.2 tons)
5. Bolivia (134.4 tons)
6. Ecuador (89.9 tons)

Source: IndexBox Market Intelligence Platform