Price for Wire of Other Alloy Steel in Colombia - 2022
Contents:
- Price for Wire of Other Alloy Steel in Colombia (CIF) - 2022
- Price for Wire of Other Alloy Steel in Colombia (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Colombia
- Exports of Wire of Other Alloy Steel in Colombia
Price for Wire of Other Alloy Steel in Colombia (CIF) - 2022
In February 2022, the average import price for wire of other alloy steels amounted to $1,232 per ton, with a decrease of -17.2% against the previous month. In general, import price indicated pronounced growth from February 2021 to February 2022: its price increased at an average monthly rate of +4.0% 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, wire of other alloy steel import price decreased by -17.2% against January 2022 indices. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 35% m-o-m. Over the period under review, average import prices attained the peak figure at $1,488 per ton in January 2022, and then contracted notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Vietnam ($1,832 per ton), while the price for Free Zones ($1,023 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 China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Colombia (FOB) - 2022
The average export price for wire of other alloy steels stood at $1,354 per ton in 2022, waning by -2.3% against the previous year. Overall, the export price recorded a noticeable setback. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. As a result, the export price reached the peak level of $2,227 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($2,470 per ton), while the average price for exports to Costa Rica ($1,169 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 Venezuela (+2.8%), while the prices for the other major destinations experienced a decline.
Imports of Wire of Other Alloy Steel in Colombia
For the fourth consecutive year, Colombia recorded growth in supplies from abroad of wire of other alloy steels, which increased by 29% to 42K tons in 2022. Overall, imports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 69%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, wire of other alloy steel imports skyrocketed to $51M in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 126%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Wire of Other Alloy Steel in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 2.6 | 3.7 | 10.9 | 18.8 | 93.4% |
| Turkey | 4.2 | 6.7 | 12.0 | 12.4 | 43.5% |
| China | 5.8 | 2.3 | 5.0 | 9.6 | 18.3% |
| Russia | N/A | 0.4 | 1.1 | 3.8 | 208.2% |
| Vietnam | N/A | 0.4 | 2.0 | 1.3 | 80.3% |
| Others | 1.6 | 1.5 | 2.6 | 5.1 | 47.2% |
| Total | 14.2 | 14.9 | 33.6 | 51.0 | 53.1% |
Top Suppliers of Wire of Other Alloy Steel to Colombia in 2022:
- Free Zones (19.0K tons)
- Turkey (10.0K tons)
- China (6.8K tons)
- Russia (3.4K tons)
- Vietnam (0.8K tons)
Exports of Wire of Other Alloy Steel in Colombia
For the fourth year in a row, Colombia recorded growth in overseas shipments of wire of other alloy steels, which increased by 473% to 511 tons in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports soared to $692K in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.1 | 29.1 | 407 | 6279.7% |
| Costa Rica | 30.8 | 54.7 | 64.7 | 89.5 | 42.7% |
| Panama | N/A | 0.1 | N/A | 68.8 | 2523.0% |
| Ecuador | 0.9 | 0.9 | 4.2 | 46.4 | 272.2% |
| Venezuela | N/A | N/A | 25.5 | 31.7 | 24.3% |
| Guyana | N/A | N/A | N/A | 24.4 | 0% |
| Peru | N/A | N/A | N/A | 16.4 | 0% |
| Others | 11.2 | 5.3 | 0.2 | 7.9 | -11.0% |
| Total | 42.9 | 61.0 | 124 | 692 | 152.7% |
Top Export Markets for Wire of Other Alloy Steel from Colombia in 2022:
- United States (315.3 tons)
- Costa Rica (76.6 tons)
- Panama (54.2 tons)
- Ecuador (20.1 tons)
- Guyana (16.4 tons)
- Venezuela (12.9 tons)
- Peru (9.7 tons)
470
This report provides an in-depth analysis of the market for iron and steel wire in Colombia.
314
This report provides an in-depth analysis of the market for iron and steel wire in Colombia.
1956
This report provides an in-depth analysis of the global market for iron and steel wire.
548
This report provides an in-depth analysis of the global market for iron and steel wire.
852
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1520
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1016
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1242
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
682
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
945
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3552
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
768
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
277
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
235
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
