Peru: Market for Iron or Steel Wire Products 2025

Market Size for Iron or Steel Wire Products in Peru

The Peruvian market for iron or steel wire products amounted to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible reduction. Iron or steel wire product consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Iron or Steel Wire Products

Exports from Peru

In 2022, approx. X tons of iron or steel wire products were exported from Peru; with a decrease of X% on the previous year. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, iron or steel wire product exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Bolivia (X tons) was the main destination for iron or steel wire product exports from Peru, with a X% share of total exports. Moreover, iron or steel wire product exports to Bolivia exceeded the volume sent to the second major destination, Chile (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the United States (X% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for iron or steel wire products exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for iron or steel wire products stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Honduras ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Wire Products

Imports into Peru

In 2022, approx. X tons of iron or steel wire products were imported into Peru; with a decrease of X% compared with 2021 figures. Over the period under review, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel wire product imports contracted dramatically to $X in 2022. In general, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel wire product to Peru, accounting for a X% share of total imports. Moreover, iron or steel wire product imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and South Korea (X% per year).

In value terms, China ($X), the Czech Republic ($X) and the United States ($X) constituted the largest iron or steel wire product suppliers to Peru, together comprising X% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for iron or steel wire products amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel wire product import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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