Price for Safety Pins and Other Pins; of Iron or Steel in Peru - 2022

Price for Safety Pins and Other Pins; of Iron or Steel in Peru (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $2,752 per ton in 2022, picking up by 12% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $2,873 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($3,293 per ton), while the price for China stood at $2,524 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).

Price for Safety Pins and Other Pins; of Iron or Steel in Peru (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $5,417 per ton in 2022, rising by 8% against the previous year. Over the period under review, the export price enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2013 an increase of 58%. The export price peaked at $6,351 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($46,333 per ton), while the average price for exports to Bolivia ($1,966 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 Paraguay (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety Pins and Other Pins; of Iron or Steel in Peru

In 2022, imports of safety pins and other pins; of iron or steels into Peru surged to 100 tons, jumping by 66% compared with 2021 figures. Overall, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels surged to $275K in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Safety Pins and Other Pins; of Iron or Steel in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	165	123	128	240	13.3%
Colombia	37.1	7.3	8.6	11.3	-32.7%
Others	19.5	14.2	11.0	24.4	7.8%
Total	222	144	147	275	7.4%

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Peru in 2022:

China (94.9 tons)
Colombia (3.4 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Peru

In 2022, shipments abroad of safety pins and other pins; of iron or steels increased by 150% to 942 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a measured increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels skyrocketed to $5.1K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Safety Pins and Other Pins; of Iron or Steel in Peru (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	844	463	367	1,488	20.8%
Ecuador	165	75.0	148	1,485	108.0%
El Salvador	191	162	294	633	49.1%
Sweden	N/A	N/A	77.0	255	231.2%
Argentina	60.0	63.0	113	221	54.4%
Panama	27.0	41.0	66.0	118	63.5%
Bolivia	76.0	10.0	9.0	114	14.5%
Uruguay	78.0	45.0	56.0	56.0	-10.5%
Others	1,404	860	761	733	-19.5%
Total	2,845	1,719	1,891	5,103	21.5%