Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia - 2022

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia (CIF) - 2022

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,179 per ton in February 2022, shrinking by -2.6% against the previous month. In general, import price indicated a prominent expansion from February 2021 to February 2022: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for alloy steel flat-rolled products, of a width 600mm or mores increased by +4.4% against December 2021 indices. The growth pace was the most rapid in August 2021 when the average import price increased by 13% against the previous month. Over the period under review, average import prices reached the peak figure at $1,210 per ton in January 2022, and then shrank slightly in the following month.

Average prices varied noticeably amongst the major supplying countries. In February 2022, the countries with the highest prices were China ($1,218 per ton) and Russia ($1,199 per ton), while the price for Brazil ($1,032 per ton) and India ($1,060 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,534 per ton, with an increase of 11% against the previous year. In general, the export price recorded a perceptible expansion. The growth pace was the most rapid in 2013 when the average export price increased by 45%. As a result, the export price attained the peak level of $1,815 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($2,481 per ton), while the average price for exports to the United States ($1,380 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 the United States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia

In 2022, approx. 285K tons of alloy steel flat-rolled products, of a width 600mm or mores were imported into Colombia; reducing by -21.9% compared with 2021 figures. Over the period under review, imports faced a abrupt downturn. The smallest decline of -13.7% was in 2020.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores contracted slightly to $263M in 2022. Overall, imports saw a abrupt curtailment. The smallest decline of -0.9% was in 2021.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Colombia in 2022:

1. China (153.6K tons)
2. Japan (79.4K tons)
3. Brazil (18.2K tons)
4. Russia (12.5K tons)
5. South Korea (3.0K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Colombia

For the fourth year in a row, Colombia recorded growth in overseas shipments of alloy steel flat-rolled products, of a width 600mm or mores, which increased by 27% to 12K tons in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +59.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores surged to $19M in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Colombia in 2022:

1. Venezuela (9.5K tons)
2. Panama (1.2K tons)
3. Bolivia (0.7K tons)
4. United States (0.4K tons)
5. Chile (0.1K tons)

Source: IndexBox Market Intelligence Platform