Stainless Steel Wire Price in Bolivia - 2023
Contents:
Stainless Steel Wire Price in Bolivia (CIF) - 2022
The average stainless steel wire import price stood at $1,702 per ton in 2022, growing by 77% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel wire import price increased by +65.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($6,560 per ton), while the price for China ($1,020 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Wire Imports in Bolivia
For the third consecutive year, Bolivia recorded decline in purchases abroad of stainless steel wire, which decreased by -47.2% to 84 tons in 2022. In general, imports faced a dramatic curtailment. The smallest decline of -0.9% was in 2021.
In value terms, stainless steel wire imports fell to $143K in 2022. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 8.3%.
| Import of Stainless Steel Wire in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 37.2 | 54.6 | 17.5 | 77.7 | 27.8% |
| Brazil | 6.3 | 3.5 | 9.2 | 21.7 | 51.0% |
| Switzerland | N/A | 0.2 | N/A | 13.4 | 718.5% |
| Spain | 25.2 | 17.8 | 13.2 | N/A | -27.6% |
| Chile | 61.9 | 0.4 | 1.7 | N/A | -83.4% |
| Netherlands | 9.0 | 8.1 | 15.5 | N/A | 31.2% |
| Turkey | 29.4 | 27.0 | 64.1 | N/A | 47.7% |
| Others | 51.0 | 29.0 | 31.1 | 29.8 | -16.4% |
| Total | 220 | 141 | 152 | 143 | -13.4% |
Top Suppliers of Stainless Steel Wire to Bolivia in 2022:
- China (76.1 tons)
- Brazil (3.3 tons)
- Switzerland (2.0 tons)
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