Pig Iron Market Overview in Chile
In value terms, pig iron production rose sharply to $ in estimated in export prices. Over the period under review, production continues to indicate strong growth. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Over the period under review, production attained the peak level in and is expected to retain growth in years to come.
The revenue of the pig iron market in Chile reached $ in , with an increase of % 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). Over the period under review, the total consumption indicated a tangible increase from 2007 to : its value decreased at an average annual rate of -% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2014 indices. The pace of growth was the most pronounced in 2015 when the market value increased by % year-to-year. Pig iron consumption peaked in and is expected to retain growth in the near future.