Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Costa Rica - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Costa Rica (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Costa Rica

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Costa Rica (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $1,935 per ton, rising by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 2.1% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.9% per year.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Costa Rica

For the fourth year in a row, Costa Rica recorded growth in supplies from abroad of steel, alloy, which increased by 17% to 17 tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, alloy skyrocketed to $33K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Costa Rica in 2022:

1. United States (17.3 tons)

Source: IndexBox Market Intelligence Platform