Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $905 per ton in February 2022, falling by -2% against the previous month. In general, import price indicated a tangible expansion from February 2021 to February 2022: its price increased at an average monthly rate of +4.0% 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 steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -7.6% against November 2021 indices. The pace of growth was the most pronounced in October 2021 when the average import price increased by 36% month-to-month. The import price peaked at $979 per ton in November 2021; however, from December 2021 to February 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Mexico.
From February 2021 to February 2022, the rate of growth in terms of prices for Mexico amounted to +3.6% per month.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $828 per ton in 2022, dropping by -16.9% against the previous year. In general, the export price saw a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of 65%. Over the period under review, the average export prices reached the maximum at $1,070 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($932 per ton) and Ecuador ($831 per ton), while the average price for exports to the Dominican Republic ($678 per ton) and Nicaragua ($818 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-1.7%).
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Colombia plummeted to 116K tons in 2022, shrinking by -27.6% against 2021. Over the period under review, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 123%. As a result, imports attained the peak of 161K tons, and then shrank notably in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined rapidly to $76M in 2022. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 201% against the previous year. As a result, imports reached the peak of $114M, and then fell sharply in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.3 | 12.9 | 78.5 | 48.8 | 31.8% |
| Mexico | 1.6 | 5.5 | 10.9 | 12.3 | 97.4% |
| Brazil | 17.2 | 5.1 | 2.0 | 9.5 | -18.0% |
| Venezuela | 3.0 | 2.7 | 4.1 | 2.4 | -7.2% |
| Russia | N/A | 6.0 | 15.7 | 1.5 | -50.0% |
| South Korea | 0.1 | 0.7 | 1.8 | 0.9 | 108.0% |
| Argentina | 14.0 | 3.8 | N/A | N/A | -72.9% |
| Others | 2.3 | 1.3 | 1.4 | 0.6 | -36.1% |
| Total | 59.5 | 38.0 | 114 | 76.2 | 8.6% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Colombia in 2022:
- China (72.7K tons)
- Mexico (19.4K tons)
- Brazil (14.7K tons)
- Venezuela (3.5K tons)
- Russia (2.8K tons)
- South Korea (2.1K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
After three years of growth, overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -12.4% to 542 tons in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 88% against the previous year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped notably to $448K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 120%. As a result, the exports attained the peak of $616K, and then declined remarkably in the following year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 49.5 | 104 | 410 | 211 | 62.1% |
| Venezuela | 101 | 176 | 206 | 150 | 14.1% |
| Dominican Republic | N/A | N/A | N/A | 79.2 | 0% |
| Nicaragua | N/A | N/A | N/A | 8.4 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 151 | 280 | 616 | 448 | 43.7% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Colombia in 2022:
- Ecuador (253.8 tons)
- Venezuela (160.7 tons)
- Dominican Republic (116.9 tons)
- Nicaragua (10.2 tons)
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