Price for Zinc; Bars, Rods, Profiles and Wire in Colombia - 2022

Contents:

  1. Price for Zinc; Bars, Rods, Profiles and Wire in Colombia (CIF) - 2022
  2. Price for Zinc; Bars, Rods, Profiles and Wire in Colombia (FOB) - 2022
  3. Imports of Zinc; Bars, Rods, Profiles and Wire in Colombia
  4. Exports of Zinc; Bars, Rods, Profiles and Wire in Colombia

Price for Zinc; Bars, Rods, Profiles and Wire in Colombia (CIF) - 2022

In 2022, the average import price for zinc; bars, rods, profiles and wires amounted to $5,895 per ton, with a decrease of -9.3% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 107% against the previous year. As a result, import price attained the peak level of $6,501 per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,544 per ton), while the price for China ($2,326 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+106.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Bars, Rods, Profiles and Wire in Colombia (FOB) - 2022

In 2022, the average export price for zinc; bars, rods, profiles and wires amounted to $11,750 per ton, with an increase of 25% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($19,000 per ton), while the average price for exports to Costa Rica ($5,455 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+101.5%).

Imports of Zinc; Bars, Rods, Profiles and Wire in Colombia

In 2022, imports of zinc; bars, rods, profiles and wires into Colombia soared to 58 tons, picking up by 36% compared with 2021. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.2% 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 +87.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 79% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of zinc; bars, rods, profiles and wires skyrocketed to $344K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Zinc; Bars, Rods, Profiles and Wire in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Finland48.928.077.511834.1%
Germany10.98.759.475.490.5%
United Kingdom16.421.325.570.162.3%
South Korea23.114.942.024.62.1%
United States38.225.553.023.2-15.3%
India9.37.69.818.024.6%
China14.613.04.39.7-12.7%
Dominican RepublicN/A54.6N/AN/A0%
Others2.11.37.24.528.9%
Total16417527934428.0%

Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Colombia in 2022:

  1. Finland (20.6 tons)
  2. Germany (10.9 tons)
  3. United Kingdom (10.6 tons)
  4. South Korea (4.5 tons)
  5. China (4.2 tons)
  6. India (3.8 tons)
  7. United States (3.1 tons)

Exports of Zinc; Bars, Rods, Profiles and Wire in Colombia

In 2022, exports of zinc; bars, rods, profiles and wires from Colombia contracted notably to 68 kg, which is down by -29.2% compared with 2021 figures. In general, exports showed a dramatic descent. The smallest decline of -21.3% was in 2021.

In value terms, exports of zinc; bars, rods, profiles and wires reduced to $799 in 2022. Over the period under review, exports recorded a abrupt shrinkage. The smallest decline of -10.5% was in 2021.

Export of Zinc; Bars, Rods, Profiles and Wire in Colombia (USD)
COUNTRY202020212022CAGR,
2020-2022
GhanaN/AN/A7010%
Costa RicaN/AN/A60.00%
South KoreaN/A90538.0-95.8%
El Salvador1,011N/AN/A0%
OthersN/AN/AN/A0%
Total1,011905799-11.1%

Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Colombia in 2022:

  1. Ghana (55.0 kg)
  2. Costa Rica (11.0 kg)
  3. South Korea (2.0 kg)

Source: IndexBox Market Intelligence Platform

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