Copper Wire Price in Colombia - 2022

Contents:

1. Copper Wire Price in Colombia (CIF) - 2022
2. Copper Wire Price in Colombia (FOB) - 2022
3. Copper Wire Imports in Colombia
4. Copper Wire Exports in Colombia

Copper Wire Price in Colombia (CIF) - 2022

In February 2022, the average copper wire import price amounted to $10,162 per ton, surging by 1.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in March 2021 when the average import price increased by 11% m-o-m. The import price peaked at $10,599 per ton in July 2021; however, from August 2021 to February 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In February 2022, the countries with the highest prices were Mexico ($11,069 per ton) and Spain ($10,397 per ton), while the price for Brazil ($9,875 per ton) and Russia ($9,877 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Colombia (FOB) - 2022

In 2022, the average copper wire export price amounted to $9,968 per ton, shrinking by -3.7% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire export price increased by +86.0% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 36%. As a result, the export price attained the peak level of $10,347 per ton, and then reduced modestly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($10,653 per ton), while the average price for exports to Costa Rica amounted to $9,690 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+2.2%).

Copper Wire Imports in Colombia

In 2022, approx. 34K tons of copper wires were imported into Colombia; shrinking by -4.2% on the previous year. Over the period under review, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9.2%.

In value terms, copper wire imports shrank notably to $277M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of $340M, and then fell significantly in the following year.

Top Suppliers of Copper Wire to Colombia in 2022:

1. Peru (16.9K tons)
2. Brazil (5.3K tons)
3. Chile (4.0K tons)
4. Mexico (1.5K tons)
5. Russia (1.5K tons)
6. Germany (1.1K tons)

Copper Wire Exports in Colombia

In 2022, the amount of copper wires exported from Colombia fell markedly to 85 tons, reducing by -41.2% against the year before. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 454%. As a result, the exports reached the peak of 144 tons, and then dropped dramatically in the following year.

In value terms, copper wire exports shrank rapidly to $843K in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 652%. As a result, the exports reached the peak of $1.5M, and then dropped notably in the following year.

Top Export Markets for Copper Wire from Colombia in 2022:

1. Chile (undefined tons)
2. Costa Rica (62.2 tons)
3. Venezuela (21.5 tons)

Source: IndexBox Market Intelligence Platform