Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,020 per ton in January 2024, growing by 11% against the previous month. In general, the import price, however, saw a noticeable descent. The growth pace was the most rapid in May 2023 when the average import price increased by 30% against the previous month. Over the period under review, average import prices reached the peak figure at $1,327 per ton in October 2023; however, from November 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Bolivia ($1,467 per ton), while the price for China ($762 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Bolivia (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $2,845 per ton, flattening at the previous year. In general, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2020 a decrease of 99.9%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2017 to 2022, the rate of growth in terms of prices for Brazil amounted to +28.8% per year.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay
In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs, when their volume decreased by -12.1% to 17K tons. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 20K tons, and then reduced in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs rose notably to $26M in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.7 | 6.5 | 11.8 | 14.3 | 22.9% |
| China | 3.1 | 4.3 | 5.2 | 6.2 | 26.0% |
| Argentina | 3.0 | 3.4 | 6.0 | 4.7 | 16.1% |
| Spain | N/A | 0.3 | 0.6 | 0.5 | 29.1% |
| Others | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Total | 14.0 | 14.7 | 24.1 | 26.2 | 23.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Paraguay in 2022:
- Brazil (9.0K tons)
- China (5.1K tons)
- Argentina (2.7K tons)
- Spain (0.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay
In 2022, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs decreased by -50% to 8.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a abrupt slump.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs shrank markedly to $23K in 2022. Over the period under review, exports, however, saw a significant expansion.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.5 | N/A | 23.7 | 23.3 | 45.9% |
| Argentina | N/A | N/A | 23.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | N/A | 46.7 | 23.3 | 45.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Paraguay in 2022:
- Brazil (8.2 tons)
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