Colombia - Flat-Rolled Products Of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Silicon-Electrical Steel Flat-Rolled Product in Colombia - 2022
Contents:
- Price for Silicon-Electrical Steel Flat-Rolled Product in Colombia (CIF) - 2022
- Price for Silicon-Electrical Steel Flat-Rolled Product in Colombia (FOB) - 2022
- Imports of Silicon-Electrical Steel Flat-Rolled Product in Colombia
- Exports of Silicon-Electrical Steel Flat-Rolled Product in Colombia
Price for Silicon-Electrical Steel Flat-Rolled Product in Colombia (CIF) - 2022
The average silicon-electrical steel flat-rolled product import price stood at $2,724 per ton in February 2022, with a decrease of -15.9% against the previous month. Over the period under review, import price indicated a noticeable increase from February 2021 to February 2022: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, silicon-electrical steel flat-rolled product import price decreased by -15.9% against January 2022 indices. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 16% m-o-m. Over the period under review, average import prices attained the maximum at $3,238 per ton in January 2022, and then shrank rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($3,974 per ton), while the price for France ($2,198 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 Russia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicon-Electrical Steel Flat-Rolled Product in Colombia (FOB) - 2022
In 2022, the average silicon-electrical steel flat-rolled product export price amounted to $998 per ton, with an increase of 3.2% against the previous year. Over the period under review, the export price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 72%. The export price peaked at $1,464 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($2,718 per ton), while the average price for exports to China ($786 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 Hong Kong SAR (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicon-Electrical Steel Flat-Rolled Product in Colombia
In 2022, approx. 12K tons of flat-rolled products of silicon-electrical steel were imported into Colombia; with an increase of 8% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, silicon-electrical steel flat-rolled product imports fell slightly to $22M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 19%.
| Import of Silicon-Electrical Steel Flat-Rolled Product in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.3 | 11.5 | 7.2 | 6.4 | 6.5% |
| Japan | 3.4 | 1.3 | 2.5 | 4.4 | 9.0% |
| China | 1.8 | 1.2 | 3.6 | 3.2 | 21.1% |
| Russia | 1.7 | 1.2 | 2.2 | 1.7 | 0.0% |
| United Arab Emirates | 1.2 | 1.2 | 0.7 | 1.0 | -5.9% |
| Germany | 0.7 | 1.4 | 0.3 | 0.8 | 4.6% |
| Mexico | 1.0 | 0.9 | 0.8 | 0.7 | -11.2% |
| Others | 2.6 | 2.4 | 6.1 | 4.0 | 15.4% |
| Total | 17.7 | 21.1 | 23.4 | 22.2 | 7.8% |
Top Suppliers of Silicon-Electrical Steel Flat-Rolled Product to Colombia in 2022:
- South Korea (4.0K tons)
- Japan (1.6K tons)
- China (1.4K tons)
- Russia (1.2K tons)
- Mexico (0.7K tons)
- United Arab Emirates (0.6K tons)
- Germany (0.4K tons)
Exports of Silicon-Electrical Steel Flat-Rolled Product in Colombia
After three years of growth, shipments abroad of flat-rolled products of silicon-electrical steel decreased by -1.2% to 742 tons in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.6% 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 +93.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year.
In value terms, silicon-electrical steel flat-rolled product exports reached $741K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 decreased by -1.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year. As a result, the exports reached the peak of $755K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Silicon-Electrical Steel Flat-Rolled Product in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 190 | 252 | 509 | 503 | 38.3% |
| Ecuador | 126 | 368 | 177 | 203 | 17.2% |
| Hong Kong SAR | 67.1 | 100 | 27.9 | 23.2 | -29.8% |
| India | 30.5 | 35.5 | 12.1 | 11.9 | -26.9% |
| Others | 17.3 | N/A | 0.4 | N/A | -84.8% |
| Total | 431 | 755 | 727 | 741 | 19.8% |
Top Export Markets for Silicon-Electrical Steel Flat-Rolled Product from Colombia in 2022:
- China (639.9 tons)
- Ecuador (74.5 tons)
- Hong Kong SAR (14.6 tons)
- India (13.2 tons)
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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:
- Prodcom 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
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
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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
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