Price for Steel, Alloy; Ingots and Other Primary Forms in Colombia - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Colombia (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Colombia (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Colombia
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Colombia
Price for Steel, Alloy; Ingots and Other Primary Forms in Colombia (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $6,667 per ton, growing by 212% against the previous year. In general, the import price, however, saw a pronounced setback. Over the period under review, average import prices hit record highs at $9,003 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 ($26,955 per ton), while the price for Portugal ($5,358 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Colombia (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $3,281 per ton, falling by -6.9% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 45% against the previous year. The export price peaked at $8,799 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -9.4% per year.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Colombia
In 2022, supplies from abroad of steel, alloy; ingots and other primary formses increased by 2,583% to 175 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; ingots and other primary formses skyrocketed to $1.2M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 34.2 | 14.4 | 6.2 | 842 | 190.9% |
| China | 6.9 | 2.3 | 5.3 | 207 | 210.7% |
| United States | 42.1 | 1.5 | 1.9 | 63.5 | 14.7% |
| Spain | 8.4 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 0.6 | 0.5 | 53.8 | 237.5% |
| Total | 93.0 | 18.9 | 14.0 | 1,167 | 132.4% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Colombia in 2022:
- Portugal (157.2 tons)
- China (15.2 tons)
- United States (2.4 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Colombia
Exports of steel, alloy; ingots and other primary formses from Colombia skyrocketed to 11 tons in 2022, increasing by 19% against the year before. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 19%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of steel, alloy; ingots and other primary formses rose sharply to $35K in 2022. The total export value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 11%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 18.4 | 28.3 | 31.3 | 34.7 | 23.5% |
| Others | 7.1 | N/A | N/A | N/A | 0% |
| Total | 25.5 | 28.3 | 31.3 | 34.7 | 10.8% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Colombia in 2022:
- Ecuador (10.6 tons)
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