Price for Aluminium; Alloys, Hollow Profiles in Colombia - 2022

Contents:

  1. Price for Aluminium; Alloys, Hollow Profiles in Colombia (FOB) - 2022
  2. Price for Aluminium; Alloys, Hollow Profiles in Colombia (CIF) - 2022
  3. Exports of Aluminium; Alloys, Hollow Profiles in Colombia
  4. Imports of Aluminium; Alloys, Hollow Profiles in Colombia

Price for Aluminium; Alloys, Hollow Profiles in Colombia (FOB) - 2022

The average aluminium; alloys, hollow profiles export price stood at $5,703 per ton in February 2022, declining by -3.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2021 an increase of 14% against the previous month. Over the period under review, the average export prices attained the peak figure at $5,905 per ton in January 2022, and then contracted in the following month.

Average prices varied noticeably for the major external markets. In February 2022, the countries with the highest prices were the United States ($5,887 per ton) and Ecuador ($5,737 per ton), while the average price for exports to Peru ($5,193 per ton) and France ($5,556 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium; Alloys, Hollow Profiles in Colombia (CIF) - 2022

In February 2022, the average aluminium; alloys, hollow profiles import price amounted to $4,945 per ton, surging by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in December 2021 when the average import price increased by 14% month-to-month. The import price peaked in February 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($11,339 per ton), while the price for China ($4,780 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 Ecuador (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Alloys, Hollow Profiles in Colombia

Aluminium; alloys, hollow profiles exports from Colombia shrank significantly to 2.3K tons in 2022, waning by -39.9% against 2021. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 394% against the previous year. As a result, the exports attained the peak of 3.8K tons, and then shrank sharply in the following year.

In value terms, aluminium; alloys, hollow profiles exports declined sharply to $11M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 506% against the previous year. As a result, the exports reached the peak of $19M, and then dropped notably in the following year.

Export of Aluminium; Alloys, Hollow Profiles in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.61.015.59.279.2%
Ecuador1.31.52.01.2-2.6%
France0.20.10.80.535.7%
Others0.60.50.60.2-30.7%
Total3.73.119.011.043.8%

Top Export Markets for Aluminium; Alloys, Hollow Profiles from Colombia in 2022:

  1. United States (1846.7 tons)
  2. Ecuador (265.0 tons)
  3. France (110.9 tons)

Imports of Aluminium; Alloys, Hollow Profiles in Colombia

In 2022, after three years of growth, there was significant decline in overseas purchases of aluminium; alloys, hollow profileses, when their volume decreased by -6.9% to 4K tons. The total import volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year.

In value terms, aluminium; alloys, hollow profiles imports fell slightly to $17M in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8% against the previous year.

Import of Aluminium; Alloys, Hollow Profiles in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China13.515.015.615.13.8%
Spain0.50.70.90.921.6%
Others0.90.40.80.7-8.0%
Total14.916.117.316.73.9%

Top Suppliers of Aluminium; Alloys, Hollow Profiles to Colombia in 2022:

  1. China (3.7K tons)
  2. Spain (0.1K tons)

Source: IndexBox Market Intelligence Platform

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