Price for Ferrous Waste and Scrap; of Cast Iron in Colombia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Colombia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Cast Iron in Colombia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Cast Iron in Colombia
- Exports of Ferrous Waste and Scrap; of Cast Iron in Colombia
Price for Ferrous Waste and Scrap; of Cast Iron in Colombia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $256 per ton, which is down by -13.6% against the previous year. Overall, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 52%. As a result, import price reached the peak level of $296 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($320 per ton), while the price for Free Zones ($166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+6.6%).
Price for Ferrous Waste and Scrap; of Cast Iron in Colombia (FOB) - 2022
The average export price for ferrous waste and scrap; of cast ira stood at $402 per ton in 2022, with a decrease of -5.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 48%. Over the period under review, the average export prices hit record highs at $426 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($929 per ton), while the average price for exports to Panama ($69 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 Malaysia (+3.5%), while the prices for the other major destinations experienced a decline.
Imports of Ferrous Waste and Scrap; of Cast Iron in Colombia
In 2022, after two years of decline, there was significant growth in supplies from abroad of ferrous waste and scrap; of cast ira, when their volume increased by 247% to 2.4K tons. Overall, imports, however, faced a sharp slump.
In value terms, imports of ferrous waste and scrap; of cast ira soared to $623K in 2022. Over the period under review, imports, however, recorded a dramatic downturn.
| Import of Ferrous Waste and Scrap; of Cast Iron in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 1,818 | 958 | 21.1 | 373 | -41.0% |
| North Macedonia | N/A | N/A | N/A | 19.8 | 0% |
| Free Zones | 1.8 | 1.1 | 0.1 | 4.3 | 33.7% |
| Panama | 45.7 | 56.5 | 170 | N/A | 92.9% |
| Others | 9.8 | 26.3 | 16.4 | 225 | 184.2% |
| Total | 1,876 | 1,042 | 208 | 623 | -30.8% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Colombia in 2022:
- Venezuela (1514.0 tons)
- North Macedonia (61.8 tons)
- Free Zones (26.0 tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in Colombia
In 2022, shipments abroad of ferrous waste and scrap; of cast ira decreased by -32.2% to 5.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 654%.
In value terms, exports of ferrous waste and scrap; of cast ira contracted markedly to $2.3M in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 825% against the previous year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 63.8 | 556 | 2,325 | 1,616 | 193.7% |
| Malaysia | 8.7 | 272 | 780 | 442 | 270.4% |
| China | 8.7 | 60.3 | 177 | 103 | 127.9% |
| Taiwan (Chinese) | 7.3 | 40.5 | 94.3 | 43.4 | 81.2% |
| Vietnam | 4.0 | 23.4 | 57.4 | 27.8 | 90.8% |
| Panama | 0.9 | 2.5 | 12.5 | 6.2 | 90.3% |
| Others | 14.3 | 41.6 | 126 | 45.7 | 47.3% |
| Total | 108 | 996 | 3,573 | 2,285 | 176.6% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Colombia in 2022:
- Thailand (4606.4 tons)
- Malaysia (475.4 tons)
- Taiwan (Chinese) (203.0 tons)
- China (138.2 tons)
- Vietnam (121.1 tons)
- Panama (90.5 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Colombia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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