Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile (CIF) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile (CIF) - 2023
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $36,667 per ton in November 2023, growing by 11% against the previous month. Over the period under review, import price indicated perceptible growth from December 2022 to November 2023: its price increased at an average monthly rate of +2.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +30.9% against September 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 43% m-o-m. Over the period under review, average import prices reached the maximum at $43,226 per ton in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($133K per ton), while the price for China ($19,253 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $27,265 per ton, increasing by 62% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 73% against the previous year. As a result, the export price attained the peak level of $33,164 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($77,843 per ton), while the average price for exports to Bolivia ($6,200 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 Canada (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile
Imports of iron or steel; non-threaded cotters and cotter-pinses into Chile totaled 1.3K tons in 2022, surging by 3.7% compared with 2021. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $33M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.0 | 14.4 | 16.0 | 18.9 | 1.6% |
| China | 1.3 | 1.3 | 2.2 | 3.1 | 33.6% |
| Canada | 0.5 | 0.5 | 0.4 | 0.7 | 11.9% |
| Peru | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Germany | 0.6 | 1.3 | 0.5 | 0.6 | 0.0% |
| Vietnam | 0.4 | 0.5 | 0.2 | 0.6 | 14.5% |
| Japan | 1.3 | 0.7 | 0.5 | 0.6 | -22.7% |
| Brazil | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Italy | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
| India | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Others | 4.5 | 4.0 | 4.9 | 6.1 | 10.7% |
| Total | 27.2 | 23.1 | 25.8 | 32.6 | 6.2% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Chile in 2022:
- United States (536.7 tons)
- China (278.6 tons)
- Peru (71.7 tons)
- India (42.1 tons)
- Brazil (24.7 tons)
- Vietnam (21.5 tons)
- Germany (19.3 tons)
- Canada (18.0 tons)
- Italy (17.9 tons)
- Japan (9.6 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile
In 2022, shipments abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by -60.8% to 17 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses fell notably to $461K in 2022. Overall, exports saw a deep downturn. The smallest decline of -5% was in 2020.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 383 | 302 | 419 | 149 | -27.0% |
| United States | 259 | 228 | 202 | 92.7 | -29.0% |
| Argentina | 23.2 | 8.6 | 29.0 | 43.6 | 23.4% |
| Brazil | 33.7 | 2.3 | 3.0 | 41.3 | 7.0% |
| Sweden | 5.8 | 10.6 | 15.4 | 30.8 | 74.5% |
| Colombia | 1.4 | 0.5 | 0.1 | 12.6 | 108.0% |
| Indonesia | N/A | N/A | N/A | 3.4 | 0% |
| Bolivia | 41.3 | 1.7 | 0.8 | 0.1 | -86.6% |
| Others | 70.2 | 223 | 56.7 | 88.0 | 7.8% |
| Total | 818 | 777 | 725 | 461 | -17.4% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Chile in 2022:
- Peru (8.1 tons)
- United States (3.4 tons)
- Argentina (2.2 tons)
- Brazil (0.7 tons)
- Colombia (0.6 tons)
- Sweden (0.4 tons)
- Indonesia (0.3 tons)
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