Ferro-Alloys; Ferro-Niobium Price in Colombia - 2021
Contents:
- Ferro-Alloys; Ferro-Niobium Price in Colombia (CIF) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in Colombia
Ferro-Alloys; Ferro-Niobium Price in Colombia (CIF) - 2022
In 2022, the average ferro-alloys; ferro-niobium import price amounted to $31,382 per ton, almost unchanged from the previous year. In general, the import price showed a slight setback. The growth pace was the most rapid in 2019 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $38,446 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($33,067 per ton), while the price for the United States ($31,179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.8%), while the prices for the other major suppliers experienced a decline.
Ferro-Alloys; Ferro-Niobium Imports in Colombia
In 2022, supplies from abroad of ferro-alloys; ferro-niobia decreased by -50% to 22 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a sharp slump.
In value terms, ferro-alloys; ferro-niobium imports declined markedly to $703K in 2022. In general, imports faced a significant decline.
| Import of Ferro-Alloys; Ferro-Niobium in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 813 | N/A | 799 | 629 | -8.2% |
| Brazil | 1,994 | N/A | 594 | 61.9 | -68.6% |
| United States | 5.9 | N/A | 13.2 | 12.1 | 27.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,813 | N/A | 1,406 | 703 | -37.0% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to Colombia in 2022:
- Canada (20.1 tons)
- Brazil (1.9 tons)
- United States (0.4 tons)
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China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
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Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
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