Price for Steel Alloy Wire of Silico-Manganese Steel in Colombia - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Colombia (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Colombia (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Colombia
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Colombia
Price for Steel Alloy Wire of Silico-Manganese Steel in Colombia (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,682 per ton in February 2022, falling by -2.7% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in October 2021 an increase of 13% month-to-month. The import price peaked at $1,829 per ton in December 2021; however, from January 2022 to February 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to +4.0% per month.
Price for Steel Alloy Wire of Silico-Manganese Steel in Colombia (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $2,043 per ton in 2022, reducing by -4.4% against the previous year. Over the period under review, the export price saw a mild decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 460% against the previous year. As a result, the export price attained the peak level of $3,477 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($2,473 per ton) and Ecuador ($1,969 per ton), while the average price for exports to Peru ($1,690 per ton) and Panama ($1,802 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Colombia
In 2022, imports of steel alloy wire of silico-manganese steels into Colombia expanded remarkably to 3.7K tons, picking up by 9.3% compared with the previous year. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 66%.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $5.8M in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 154%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 1.5 | 3.1 | 5.2 | 6.5% |
| Vietnam | N/A | 0.4 | 1.7 | 0.5 | 11.8% |
| Others | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Total | 4.4 | 2.0 | 5.0 | 5.8 | 9.6% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Colombia in 2022:
- China (3.4K tons)
- Vietnam (0.3K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Colombia
For the third consecutive year, Colombia recorded growth in overseas shipments of steel alloy wire of silico-manganese steels, which increased by 263% to 39 tons in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 670%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of steel alloy wire of silico-manganese steels surged to $80K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 678%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Ecuador | N/A | N/A | 30.4 | 0% | |
| Venezuela | 0.4 | 21.4 | 29.1 | 752.9% | |
| Peru | N/A | N/A | 16.4 | 0% | |
| Panama | N/A | N/A | 3.6 | 0% | |
| United States | 1.3 | N/A | N/A | 0% | |
| Others | 1.2 | 1.5 | N/A | 25.0% | |
| Total | 2.9 | 22.9 | 79.6 | 423.9% | |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Colombia in 2022:
- Ecuador (15.5 tons)
- Venezuela (11.8 tons)
- Peru (9.7 tons)
- Panama (2.0 tons)
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