Colombia - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Price in Colombia - 2022
Contents:
- Ferro-Chromium Price in Colombia (CIF) - 2022
- Ferro-Chromium Price in Colombia (FOB) - 2022
- Ferro-Chromium Imports in Colombia
- Ferro-Chromium Exports in Colombia
Ferro-Chromium Price in Colombia (CIF) - 2022
The average ferro-chromium import price stood at $2,386 per ton in February 2022, which is down by -3.6% against the previous month. Over the period under review, the import price, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in May 2021 an increase of 75% against the previous month. The import price peaked at $3,804 per ton in December 2021; however, from January 2022 to February 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($3,686 per ton), while the price for South Africa ($949 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Chromium Price in Colombia (FOB) - 2022
In 2022, the average ferro-chromium export price amounted to $622 per ton, with a decrease of -1.9% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 17%. Over the period under review, the average export prices attained the maximum at $3,859 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 -16.7% per year.
Ferro-Chromium Imports in Colombia
In 2022, imports of ferro-chromium into Colombia reduced notably to 200 tons, which is down by -24.2% compared with 2021 figures. In general, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year.
In value terms, ferro-chromium imports contracted dramatically to $432K in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 62%.
| Import of Ferro-Chromium in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 209 | 139 | 170 | 159 | -8.7% |
| India | 35.7 | 22.7 | 41.1 | 52.7 | 13.9% |
| China | 121 | 22.2 | 54.3 | 31.5 | -36.1% |
| Slovakia | N/A | N/A | N/A | 21.3 | 0% |
| Russia | 102 | 90.6 | 61.8 | 18.1 | -43.8% |
| Mexico | 32.1 | 8.2 | 26.5 | 14.7 | -22.9% |
| United States | 7.0 | 5.4 | 4.4 | 12.5 | 21.3% |
| Turkey | 49.7 | 22.0 | 22.9 | 9.9 | -41.6% |
| Netherlands | 71.7 | 3.9 | 24.4 | 9.3 | -49.4% |
| South Africa | 26.0 | 4.0 | 10.7 | 5.3 | -41.1% |
| Sweden | 18.8 | 2.1 | 4.0 | 5.3 | -34.4% |
| Others | 67.0 | 9.8 | 115 | 92.9 | 11.5% |
| Total | 740 | 330 | 535 | 432 | -16.4% |
Top Suppliers of Ferro-Chromium to Colombia in 2022:
- India (44.1 tons)
- Spain (42.8 tons)
- China (33.4 tons)
- United States (11.7 tons)
- Slovakia (9.5 tons)
- Russia (7.0 tons)
- Mexico (6.9 tons)
- South Africa (5.5 tons)
- Netherlands (4.9 tons)
- Sweden (4.4 tons)
- Turkey (3.0 tons)
Ferro-Chromium Exports in Colombia
Ferro-chromium exports from Colombia skyrocketed to 396 tons in 2022, surging by 32% compared with the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 350% against the previous year. As a result, the exports attained the peak of 491 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ferro-chromium exports surged to $246K in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 285% against the previous year. As a result, the exports attained the peak of $302K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ferro-Chromium in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 62.3 | 302 | 189 | 245 | 57.8% |
| Panama | 13.6 | N/A | N/A | N/A | 0% |
| Others | 2.5 | N/A | 1.2 | 0.6 | -37.9% |
| Total | 78.4 | 302 | 190 | 246 | 46.4% |
Top Export Markets for Ferro-Chromium from Colombia in 2022:
- Ecuador (395.3 tons)
This report provides an in-depth analysis of the ferro-chromium market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
425
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