Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia - 2022
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia (CIF) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia (FOB) - 2022
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia (CIF) - 2022
In February 2022, the average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $5,546 per ton, falling by -1.8% against the previous month. Overall, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in April 2021 an increase of 162% month-to-month. The import price peaked at $15,697 per ton in November 2021; however, from December 2021 to February 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to February 2022, the rate of growth in terms of prices for India amounted to +1.8% per month.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $28,600 per ton in 2022, waning by -1.6% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 82% against the previous year. The export price peaked at $29,076 per ton in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($44,879 per ton), while the average price for exports to Venezuela ($12,400 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 Cuba (+267.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia
In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia imported into Colombia skyrocketed to 544 tons, jumping by 42% on 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia soared to $3.5M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,624 | 727 | 1,727 | 2,250 | 11.5% |
| United States | 89.8 | 470 | 104 | 425 | 67.9% |
| South Korea | 9.6 | 20.0 | 56.0 | 211 | 180.1% |
| Mexico | 5.8 | 24.1 | 12.3 | 166 | 205.9% |
| Sweden | 243 | 163 | 39.2 | 55.5 | -38.9% |
| India | 89.8 | 506 | 187 | 1.3 | -75.6% |
| Others | 793 | 518 | 236 | 393 | -20.9% |
| Total | 2,855 | 2,429 | 2,361 | 3,501 | 7.0% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Colombia in 2022:
- China (466.5 tons)
- United States (26.5 tons)
- South Korea (19.6 tons)
- Mexico (9.8 tons)
- Sweden (2.7 tons)
- India (0.1 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia
In 2022, approx. 175 kg of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia were exported from Colombia; falling by -52.7% on 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 263%. As a result, the exports reached the peak of 370 kg, and then reduced markedly in the following year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia dropped markedly to $5K in 2022. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 438%. As a result, the exports attained the peak of $11K, and then declined significantly in the following year.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 1.3 | 1.5 | 3.3 | 1.5 | 4.9% |
| Ecuador | 0.9 | 0.5 | 2.7 | 1.2 | 10.1% |
| El Salvador | N/A | N/A | N/A | 1.1 | 0% |
| Jamaica | N/A | N/A | 4.4 | 0.7 | -84.1% |
| Dominican Republic | N/A | N/A | N/A | 0.3 | 0% |
| Venezuela | N/A | N/A | N/A | 0.1 | 0% |
| China | 1.3 | N/A | N/A | N/A | 0% |
| Guatemala | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Total | 3.6 | 2.0 | 10.8 | 5.0 | 11.6% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Colombia in 2022:
- Ecuador (51.0 kg)
- El Salvador (48.0 kg)
- Panama (33.0 kg)
- Jamaica (27.0 kg)
- Dominican Republic (8.0 kg)
- Venezuela (5.0 kg)
- Guatemala (1.0 kg)
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