Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,457 per ton in 2022, with an increase of 16% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, not plated or coateds increased by +60.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Peru ($1,831 per ton) and Ecuador ($1,731 per ton), while the price for China ($1,287 per ton) and Indonesia ($1,342 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $2,215 per ton in 2022, jumping by 55% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 193% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 Guatemala ($2,802 per ton), while the average price for exports to Honduras ($1,242 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 Guatemala (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica
For the third year in a row, Costa Rica recorded decline in supplies from abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by -3% to 2.1K tons in 2022. In general, imports saw a deep downturn.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds stood at $3.1M in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 25%.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 660 | 325 | 923 | 1,090 | 18.2% |
| El Salvador | 1,148 | 835 | 883 | 1,057 | -2.7% |
| Peru | 110 | 145 | 527 | 230 | 27.9% |
| Nicaragua | 97.7 | 128 | 32.1 | 227 | 32.4% |
| Brazil | 124 | 157 | 132 | 116 | -2.2% |
| China | 999 | 258 | 21.7 | 80.3 | -56.8% |
| Ecuador | 313 | 237 | 120 | 76.8 | -37.4% |
| Indonesia | N/A | N/A | N/A | 69.9 | 0% |
| Others | 366 | 116 | 108 | 140 | -27.4% |
| Total | 3,818 | 2,200 | 2,746 | 3,088 | -6.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Costa Rica in 2022:
- Guatemala (793.1 tons)
- El Salvador (730.8 tons)
- Nicaragua (166.0 tons)
- Peru (125.8 tons)
- Brazil (79.4 tons)
- China (62.4 tons)
- Indonesia (52.1 tons)
- Ecuador (44.4 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica
In 2022, exports of iron or non-alloy steel wire, not plated or coateds from Costa Rica reduced sharply to 146 tons, dropping by -67.5% compared with 2021 figures. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 98%. As a result, the exports reached the peak of 449 tons, and then shrank remarkably in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds declined sharply to $323K in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. As a result, the exports attained the peak of $642K, and then dropped rapidly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 136 | 168 | 291 | 174 | 8.6% |
| Nicaragua | 78.4 | 95.3 | 99.4 | 40.8 | -19.6% |
| Belize | 2.7 | 15.0 | 32.0 | 29.5 | 121.9% |
| El Salvador | 5.9 | 5.7 | 28.2 | 28.4 | 68.8% |
| Panama | 46.1 | N/A | 119 | 15.3 | -30.8% |
| Dominican Republic | 37.2 | 10.6 | 16.0 | 14.5 | -27.0% |
| Honduras | N/A | 13.1 | 47.1 | 6.6 | -29.0% |
| Others | 21.2 | N/A | 9.0 | 14.0 | -12.9% |
| Total | 328 | 308 | 642 | 323 | -0.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Costa Rica in 2022:
- Guatemala (62.0 tons)
- El Salvador (20.6 tons)
- Nicaragua (20.6 tons)
- Belize (16.4 tons)
- Panama (10.6 tons)
- Dominican Republic (5.4 tons)
- Honduras (5.3 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Costa Rica.
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