Chile: Stranded Wire Market 2025

Stranded Wire Market Size in Chile

The Chilean stranded wire market rose notably to $X in 2021, increasing by 12% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.4% against 2018 indices. Stranded wire consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Stranded Wire Production in Chile

In value terms, stranded wire production fell modestly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +84.7% against 2012 indices. The pace of growth was the most pronounced in 2018 with an increase of 8.5%. Stranded wire production peaked at $X in 2020, and then fell slightly in the following year.

Stranded Wire Exports

Exports from Chile

In 2021, overseas shipments of stranded wire, ropes and cables increased by 7% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2017 when exports increased by 42% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, stranded wire exports rose notably to $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 49%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons), Brazil (X tons) and China (X tons) were the main destinations of stranded wire exports from Chile, with a combined 66% share of total exports. These countries were followed by Ecuador, South Korea, Taiwan (Chinese), Mexico, the United States, Argentina, Canada, Greece and Spain, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +49.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stranded wire exported from Chile were China ($X), Peru ($X) and Brazil ($X), together accounting for 68% of total exports. South Korea, Ecuador, Mexico, Taiwan (Chinese), the United States, Argentina, Greece, Spain and Canada lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Greece, with a CAGR of +47.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average stranded wire export price amounted to $X per ton, approximately mirroring the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stranded wire export price increased by +41.7% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 13%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Chile

In 2021, the amount of stranded wire, ropes and cables imported into Chile skyrocketed to X tons, surging by 23% against 2020. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 39%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, stranded wire imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of stranded wire to Chile, accounting for a 74% share of total imports. Moreover, stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), tenfold. The third position in this ranking was held by India (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.2% per year) and India (-8.0% per year).

In value terms, China ($X) constituted the largest supplier of stranded wire, ropes and cables to Chile, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.8% share of total imports. It was followed by India, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.6% per year) and India (-8.4% per year).

Import Prices by Country

In 2021, the average stranded wire import price amounted to $X per ton, with an increase of 4% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2015 an increase of 6.8% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :