Chile: Market for Welded And Cold-Formed Sections Of Steel 2025

Market Size for Welded And Cold-Formed Sections Of Steel in Chile

The Chilean market for welded and cold-formed sections of steel expanded rapidly to $X in 2022, increasing by 9.6% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.6% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Welded And Cold-Formed Sections Of Steel in Chile

In value terms, welded and cold-formed steel sections production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 54% against the previous year. Welded and cold-formed steel sections production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from Chile

In 2022, the amount of welded and cold-formed sections of steel exported from Chile contracted to X tons, declining by -6.3% compared with the previous year's figure. Over the period under review, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 335% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, welded and cold-formed steel sections exports fell remarkably to $X in 2022. In general, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2018 with an increase of 604% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for welded and cold-formed steel sections exports from Chile, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru stood at -45.7%.

In value terms, Peru ($X) also remains the key foreign market for welded and cold-formed sections of steel exports from Chile.

From 2012 to 2022, the average annual growth rate of value to Peru amounted to -44.8%.

Export Prices by Country

In 2022, the average export price for welded and cold-formed sections of steel amounted to $X per ton, falling by -76.5% against the previous year. Over the period under review, the export price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2020 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +1.7% per year.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into Chile

In 2022, overseas purchases of welded and cold-formed sections of steel were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 1,010%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, welded and cold-formed steel sections imports surged to $X in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 600%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main supplier of welded and cold-formed steel sections to Chile, accounting for a 91% share of total imports. Moreover, welded and cold-formed steel sections imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+60.2% per year) and China (+2.1% per year).

In value terms, Spain ($X) constituted the largest supplier of welded and cold-formed sections of steel to Chile, comprising 78% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+62.4% per year) and China (-2.9% per year).

Import Prices by Country

In 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 52% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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