Stainless Steel Wire Price in Brazil - 2023
Contents:
- Stainless Steel Wire Price in Brazil (CIF) - 2022
- Stainless Steel Wire Price in Brazil (FOB) - 2022
- Stainless Steel Wire Imports in Brazil
- Stainless Steel Wire Exports in Brazil
Stainless Steel Wire Price in Brazil (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $7,332 per ton, picking up by 39% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $7,886 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the United States ($22,145 per ton), while the price for India ($4,812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Brazil (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $8,625 per ton, jumping by 24% against the previous year. In general, the export price showed a slight expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 127%. As a result, the export price attained the peak level of $10,274 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($26,480 per ton), while the average price for exports to Mexico ($4,576 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 Switzerland (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Brazil
After three years of growth, overseas purchases of stainless steel wire decreased by -17.2% to 4.4K tons in 2022. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of 5.3K tons, and then plummeted in the following year.
In value terms, stainless steel wire imports skyrocketed to $32M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +49.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Stainless Steel Wire in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.9 | 5.6 | 11.8 | 11.1 | 17.2% |
| United States | 5.2 | 6.9 | 2.2 | 6.1 | 5.5% |
| Japan | 1.2 | 1.2 | 4.3 | 4.5 | 55.4% |
| China | 3.3 | 2.9 | 4.1 | 4.4 | 10.1% |
| France | 1.0 | 0.7 | 1.3 | 1.9 | 23.9% |
| Germany | 1.3 | 1.3 | 1.4 | 1.7 | 9.4% |
| Czech Republic | 0.4 | 0.6 | 0.7 | 0.9 | 31.0% |
| South Korea | 0.7 | 0.5 | 0.4 | 0.4 | -17.0% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.5 | 0.1 | -20.6% |
| Others | 1.4 | 3.9 | 1.1 | 1.2 | -5.0% |
| Total | 21.6 | 23.9 | 27.9 | 32.2 | 14.2% |
Top Suppliers of Stainless Steel Wire to Brazil in 2022:
- India (2312.6 tons)
- China (594.1 tons)
- Japan (405.5 tons)
- France (327.8 tons)
- United States (273.5 tons)
- Germany (149.6 tons)
- Czech Republic (102.6 tons)
- Taiwan (Chinese) (21.4 tons)
- South Korea (19.5 tons)
Stainless Steel Wire Exports in Brazil
In 2022, shipments abroad of stainless steel wire was finally on the rise to reach 783 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible descent.
In value terms, stainless steel wire exports surged to $6.8M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Wire in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 107 | 145 | 1,178 | 2,506 | 186.1% |
| Argentina | 1,581 | 1,094 | 1,883 | 1,920 | 6.7% |
| Chile | 815 | 802 | 385 | 1,603 | 25.3% |
| Switzerland | 881 | 1,382 | 89.5 | 279 | -31.8% |
| Germany | 0.3 | 19.4 | N/A | 146 | 686.6% |
| Colombia | 36.3 | 1.1 | 1.1 | 115 | 46.9% |
| Mexico | 78.7 | 20.6 | 64.5 | 77.6 | -0.5% |
| Others | 393 | 151 | 205 | 110 | -34.6% |
| Total | 3,892 | 3,616 | 3,807 | 6,757 | 20.2% |
Top Export Markets for Stainless Steel Wire from Brazil in 2022:
- Argentina (324.3 tons)
- Chile (253.6 tons)
- United States (94.6 tons)
- Switzerland (47.3 tons)
- Germany (21.0 tons)
- Mexico (17.0 tons)
- Colombia (16.6 tons)
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