Colombia: Copper Screw Market 2024

Copper Screw Market Size in Colombia

The Colombian copper screw market reduced modestly to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a modest increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Copper Screw Exports

Exports from Colombia

After four years of decline, overseas shipments of copper screws, bolts and nuts increased by X% to X tons in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper screw exports skyrocketed to $X in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for copper screw exports from Colombia, accounting for a X% share of total exports. Moreover, copper screw exports to Ecuador exceeded the volume sent to the second major destination, Mexico (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Norway (X% per year).

In value terms, Ecuador ($X) remains the key foreign market for copper screws, bolts and nuts exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Norway (X% per year).

Export Prices by Country

The average copper screw export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, showed tangible growth. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained 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 Mexico ($X per ton), while the average price for exports to Norway ($X 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 Kazakhstan (X.7%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Copper Screw Imports

Imports into Colombia

In 2022, overseas purchases of copper screws, bolts and nuts decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, copper screw imports reached $X in 2022. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest copper screw supplier to Colombia, accounting for a X% share of total imports. Moreover, copper screw imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Peru (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Peru (X% per year).

In value terms, China ($X) constituted the largest supplier of copper screws, bolts and nuts to Colombia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average copper screw import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper screw import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :