Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Costa Rica - 2022

Contents:

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

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Costa Rica (CIF) - 2022

The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $596 per ton in 2022, reducing by -11.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2018 an increase of 29%. As a result, import price attained the peak level of $675 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Hong Kong SAR ($790 per ton), while the price for China ($498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Costa Rica (FOB) - 2022

The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $718 per ton in 2022, with a decrease of -25% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 49%. Over the period under review, the average export prices hit record highs at $2,014 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($789 per ton), while the average price for exports to Panama ($474 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 Panama (-12.3%), while the prices for the other major destinations experienced a decline.

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Costa Rica

In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Costa Rica rose modestly to 15K tons, with an increase of 3.1% compared with the previous year. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 196%. As a result, imports reached the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank to $9M in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 135% against the previous year.

Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.34.46.84.045.4%
Turkey0.91.60.21.210.1%
Hong Kong SARN/AN/AN/A1.20%
Mexico0.61.01.41.018.6%
BrazilN/A0.10.20.8182.8%
Ukraine0.20.90.80.426.0%
Dominican Republic0.10.10.40.344.2%
Others0.30.10.1N/A-42.3%
Total3.58.29.99.037.0%

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Costa Rica in 2022:

  1. China (8.1K tons)
  2. Turkey (1.8K tons)
  3. Hong Kong SAR (1.5K tons)
  4. Mexico (1.4K tons)
  5. Brazil (1.1K tons)
  6. Ukraine (0.6K tons)
  7. Dominican Republic (0.5K tons)

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Costa Rica

In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Costa Rica soared to 233 tons, rising by 104% on 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $167K in 2022. In general, exports enjoyed a noticeable increase.

Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua11.817183.0136125.9%
Panama7.450.58.521.041.6%
United States0.13.317.710.4370.3%
Venezuela135N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total1542251091672.7%

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Costa Rica in 2022:

  1. Nicaragua (171.8 tons)
  2. Panama (44.4 tons)
  3. United States (16.5 tons)

Source: IndexBox Market Intelligence Platform

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