Chile: Metal Wool Market 2025

Metal Wool Market Size in Chile

The Chilean metal wool market fell remarkably to $X in 2022, waning by -25.8% against the previous year. Overall, consumption continues to indicate a slight downturn. Metal wool consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in Chile

In value terms, metal wool production fell to $X in 2022 estimated in export price. In general, production recorded a pronounced downturn. The growth pace was the most rapid in 2021 when the production volume increased by 33%. Metal wool production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal Wool Exports

Exports from Chile

After three years of decline, overseas shipments of iron or steel wool increased by 35% to X tons in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal wool exports skyrocketed to $X in 2022. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 48% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for metal wool exports from Chile, accounting for a 38% share of total exports. Moreover, metal wool exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tons), twofold. Costa Rica (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay stood at +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+7.8% per year) and Costa Rica (-5.9% per year).

In value terms, Paraguay ($X) remains the key foreign market for iron or steel wool exports from Chile, comprising 37% of total exports. The second position in the ranking was held by Uruguay ($X), with a 16% share of total exports. It was followed by Mexico, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+5.0% per year) and Mexico (+3.1% per year).

Export Prices by Country

The average metal wool export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Costa Rica ($X 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 Ecuador (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Wool Imports

Imports into Chile

After four years of growth, purchases abroad of iron or steel wool decreased by -50.7% to X tons in 2022. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2013 when imports increased by 162%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, metal wool imports dropped markedly to $X in 2022. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 156%. Imports peaked at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of metal wool to Chile, with a 98% share of total imports. It was followed by the United States (X tons), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.3%.

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Chile, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.7%.

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, growing by 8.8% against the previous year. In general, the import price, however, saw a pronounced reduction. The growth pace was the most rapid in 2017 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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