Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia - 2022

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia (CIF) - 2022

In February 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $4,771 per ton, reducing by -13.9% against the previous month. Overall, the import price, however, recorded slight growth. The most prominent rate of growth was recorded in May 2021 an increase of 1,686% m-o-m. As a result, import price reached the peak level of $94,651 per ton. From June 2021 to February 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($10,595 per ton), while the price for India ($4,209 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 China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $6,751 per ton in 2022, with an increase of 47% against the previous year. Over the period under review, the export price saw buoyant growth. 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 the United States ($11,775 per ton), while the average price for exports to Panama amounted to $4,550 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia

For the fourth year in a row, Colombia recorded growth in supplies from abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, which increased by 32% to 454 tons in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 94% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $2.4M in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 88%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Colombia in 2022:

1. China (270.8 tons)
2. India (148.1 tons)
3. United States (25.3 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Colombia

In 2022, after three years of growth, there was significant decline in shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, when their volume decreased by -97% to 1.8 tons. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 3,439% against the previous year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses fell significantly to $12K in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,990%.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Colombia in 2022:

1. Panama (1262.0 kg)
2. United States (550.0 kg)

Source: IndexBox Market Intelligence Platform