Price for Wire of Other Alloy Steel in Paraguay - 2024
Contents:
- Price for Wire of Other Alloy Steel in Paraguay (CIF) - 2024
- Price for Wire of Other Alloy Steel in Paraguay (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Paraguay
- Exports of Wire of Other Alloy Steel in Paraguay
Price for Wire of Other Alloy Steel in Paraguay (CIF) - 2024
The average import price for wire of other alloy steels stood at $2,134 per ton in July 2023, surging by 84% against the previous month. In general, the import price, however, recorded a mild reduction. The import price peaked at $2,292 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($2,892 per ton), while the price for China stood at $1,300 per ton.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Paraguay (FOB) - 2022
The average export price for wire of other alloy steels stood at $2,218 per ton in 2022, approximately mirroring the previous year. Over the last two years, it increased at an average annual rate of +8.2%. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $2,240 per ton, leveling off in the following year.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2020 to 2022, the rate of growth in terms of prices for Argentina amounted to -1.0% per year.
Imports of Wire of Other Alloy Steel in Paraguay
In 2022, the amount of wire of other alloy steels imported into Paraguay skyrocketed to 1.7K tons, growing by 124% compared with the previous year's figure. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel imports soared to $2.6M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wire of Other Alloy Steel in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 199 | 265 | 427 | 1,258 | 84.9% |
| China | 250 | 23.4 | 105 | 638 | 36.7% |
| Spain | 20.0 | 22.5 | 88.0 | 304 | 147.7% |
| Brazil | 25.2 | 1.9 | 23.4 | 159 | 84.8% |
| Hong Kong SAR | 8.3 | 4.6 | 48.3 | 104 | 132.3% |
| Argentina | 17.1 | 22.7 | 83.1 | 92.0 | 75.2% |
| Taiwan (Chinese) | 74.6 | 66.7 | 145 | N/A | 39.4% |
| Others | 106 | 49.4 | 71.4 | 8.8 | -56.4% |
| Total | 699 | 457 | 991 | 2,565 | 54.2% |
Top Suppliers of Wire of Other Alloy Steel to Paraguay in 2022:
- Turkey (992.6 tons)
- China (322.3 tons)
- Spain (220.0 tons)
- Brazil (103.7 tons)
- Hong Kong SAR (48.6 tons)
- Argentina (47.9 tons)
Exports of Wire of Other Alloy Steel in Paraguay
In 2022, after two years of growth, there was significant decline in shipments abroad of wire of other alloy steels, when their volume decreased by -88.6% to 2.1 tons. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 431%. As a result, the exports attained the peak of 18 tons, and then contracted rapidly in the following year.
In value terms, wire of other alloy steel exports contracted notably to $4.6K in 2022. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 528%. As a result, the exports attained the peak of $40K, and then shrank remarkably in the following year.
| Export of Wire of Other Alloy Steel in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Argentina | N/A | 40.3 | 4.6 | -88.6% | |
| Brazil | 6.4 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 6.4 | 40.3 | 4.6 | -15.2% | |
Top Export Markets for Wire of Other Alloy Steel from Paraguay in 2022:
- Argentina (2.1 tons)
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