Production of Iron and Non-Alloy Steel in Ingot in Colombia - 2022

Iron and Non-Alloy Steel in Ingot Production in Colombia - 2022

In 2022, after five years of growth, there was significant decline in production of iron and non-alloy steel in ingots, when its volume decreased by -7.1% to 1.2M tons. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 10,390,668% against the previous year. Over the period under review, production of attained the peak volume at 1.3M tons in 2021, and then dropped in the following year.

In value terms, production of iron and non-alloy steel in ingots rose slightly to $1.3B in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Production of peaked in 2022 and is expected to retain growth in the near future.

Source: IndexBox Market Intelligence Platform

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