Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia (CIF) - 2022
In February 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $3,773 per ton, growing by 15% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.6%. The pace of growth was the most pronounced in September 2021 when the average import price increased by 19% month-to-month. Over the period under review, average import prices attained the peak figure in February 2022.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Canada ($4,099 per ton), while the price for Oman ($3,663 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia (FOB) - 2022
In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $8,588 per ton, picking up by 182% against the previous year. In general, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +12.2% per year.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia
After three years of growth, supplies from abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -7.1% to 4.5K tons in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 53%.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $17M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 85%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 1.2 | 2.6 | 5.1 | 8.3 | 90.5% |
| Oman | 1.6 | 2.7 | 5.2 | 2.5 | 16.0% |
| Canada | 0.6 | 0.8 | 1.3 | 2.4 | 58.7% |
| United Arab Emirates | N/A | N/A | N/A | 1.3 | 0% |
| India | 1.8 | 1.2 | 1.1 | 0.7 | -27.0% |
| Russia | N/A | N/A | 0.5 | 0.7 | 40.0% |
| China | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Others | 0.1 | 0.2 | 0.5 | 0.4 | 58.7% |
| Total | 5.3 | 7.5 | 13.8 | 16.8 | 46.9% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Colombia in 2022:
- Bahrain (2235.7 tons)
- Oman (743.6 tons)
- Canada (549.7 tons)
- United Arab Emirates (408.2 tons)
- India (193.3 tons)
- Russia (192.8 tons)
- China (98.9 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia
For the third year in a row, Colombia recorded decline in overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, which decreased by -98.8% to 381 kg in 2022. Over the period under review, exports saw a dramatic decrease. The smallest decline of -17.7% was in 2021.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms declined notably to $3.3K in 2022. In general, exports saw a sharp contraction. The smallest decline of -18.2% was in 2021.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 1.8 | 3.6 | 1.0 | 3.3 | 22.4% |
| Costa Rica | N/A | 117 | 11.3 | N/A | -90.3% |
| Mexico | 251 | N/A | 86.8 | N/A | -41.2% |
| Others | N/A | 1.1 | N/A | N/A | 0% |
| Total | 253 | 121 | 99.2 | 3.3 | -76.5% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Colombia in 2022:
- Ecuador (381.0 kg)
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