Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia - 2024

Contents:

1. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia (CIF) - 2024
2. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia (FOB) - 2022
3. Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia
4. Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia (CIF) - 2024

The average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $688 per ton in February 2024, therefore, remained relatively stable against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 6.7% month-to-month. Over the period under review, average import prices reached the peak figure at $783 per ton in July 2023; however, from August 2023 to February 2024, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In February 2024, the country with the highest price was China ($697 per ton), while the price for Japan stood at $676 per ton.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+0.1%).

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia (FOB) - 2022

The average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $745 per ton in 2022, picking up by 2.9% against the previous year. Overall, the export price saw a mild expansion. The pace of growth appeared the most rapid in 2014 an increase of 115%. As a result, the export price reached the peak level of $1,692 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +1.9% per year.

Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia

In 2022, approx. 244K tons of alloy steel, flat-rolled, width 600mm or more, cold-rolleds were imported into Colombia; with a decrease of -24.9% against 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports attained the peak of 325K tons, and then dropped remarkably in the following year.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds contracted to $256M in 2022. Overall, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 119%. As a result, imports attained the peak of $280M, and then shrank in the following year.

Top Suppliers of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled to Colombia in 2022:

1. Japan (103.8K tons)
2. China (97.1K tons)
3. Russia (32.9K tons)
4. India (6.0K tons)

Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Colombia

Exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds from Colombia rose sharply to 2.4K tons in 2022, with an increase of 6.7% on 2021 figures. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 96%. As a result, the exports reached the peak of 2.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds expanded remarkably to $1.8M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 78% against the previous year. As a result, the exports reached the peak of $2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled from Colombia in 2022:

1. Venezuela (2.4K tons)

Source: IndexBox Market Intelligence Platform