Price for Steel, Stainless; Angles, Shapes and Sections in Colombia - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Colombia (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Colombia (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Colombia
- Exports of Steel, Stainless; Angles, Shapes and Sections in Colombia
Price for Steel, Stainless; Angles, Shapes and Sections in Colombia (CIF) - 2022
In February 2022, the average import price for steel, stainless amounted to $4,002 per ton, increasing by 16% against the previous month. In general, the import price showed a remarkable increase. The growth pace was the most rapid in September 2021 an increase of 194% against the previous month. As a result, import price reached the peak level of $8,776 per ton. From October 2021 to February 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was India ($4,030 per ton), while the price for China stood at $3,912 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%).
Price for Steel, Stainless; Angles, Shapes and Sections in Colombia (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $4,679 per ton, declining by -17.9% against the previous year. In general, the export price recorded a mild slump. The pace of growth was the most pronounced in 2015 an increase of 93%. The export price peaked at $8,355 per ton in 2016; however, from 2017 to 2022, the export prices stood 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 Guatemala ($56,000 per ton), while the average price for exports to the Dominican Republic ($375 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 Trinidad and Tobago (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Colombia
Imports of steel, stainless into Colombia shrank rapidly to 754 tons in 2022, declining by -31.4% compared with the previous year's figure. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of 1.1K tons, and then declined remarkably in the following year.
In value terms, imports of steel, stainless fell to $3M in 2022. In general, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 111%. As a result, imports attained the peak of $3.1M, and then contracted slightly in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 0.6 | 1.0 | 1.6 | 26.0% |
| India | 1.5 | 0.7 | 1.9 | 1.0 | -12.6% |
| Peru | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.3 | 0.1 | 0.3 | 0.2 | -12.6% |
| Total | 2.5 | 1.5 | 3.1 | 3.0 | 6.3% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Colombia in 2022:
- China (452.4 tons)
- India (265.9 tons)
- Peru (25.9 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Colombia
In 2022, after three years of growth, there was significant decline in overseas shipments of steel, stainless, when their volume decreased by -81.6% to 584 kg. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 167%. As a result, the exports attained the peak of 3.2 tons, and then dropped remarkably in the following year.
In value terms, exports of steel, stainless declined rapidly to $2.7K in 2022. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 157%. As a result, the exports reached the peak of $19K, and then contracted rapidly in the following year.
| Export of Steel, Stainless; Angles, Shapes and Sections in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 0.6 | 0.7 | 3.3 | 1.1 | 22.4% |
| Peru | 2.2 | 3.2 | 8.6 | 0.8 | -28.6% |
| Costa Rica | 0.2 | 1.1 | 4.4 | 0.4 | 26.0% |
| Trinidad and Tobago | N/A | N/A | N/A | 0.2 | 0% |
| Venezuela | 0.3 | 0.4 | 1.0 | 0.1 | -30.7% |
| Ecuador | 0.2 | 0.3 | 0.8 | 0.1 | -20.6% |
| Taiwan (Chinese) | N/A | 1.2 | N/A | N/A | 0% |
| Others | 0.4 | 0.4 | 0.8 | 0.1 | -37.0% |
| Total | 3.9 | 7.3 | 18.9 | 2.7 | -11.5% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Colombia in 2022:
- Panama (454.0 kg)
- Peru (46.0 kg)
- Costa Rica (34.0 kg)
- Venezuela (22.0 kg)
- Ecuador (10.0 kg)
- Trinidad and Tobago (9.0 kg)
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