Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $383 per ton, rising by 34% against the previous year. In general, the import price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 88% against the previous year. The import price peaked at $439 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($811 per ton), while the price for the United States ($109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $2,055 per ton in February 2022, waning by -17.6% against the previous month. Overall, export price indicated a noticeable expansion from February 2021 to February 2022: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, export price for ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -4.7% against October 2021 indices. The pace of growth appeared the most rapid in August 2021 an increase of 45% m-o-m. The export price peaked at $2,496 per ton in January 2022, and then declined rapidly in the following month.
Average prices varied noticeably for the major export markets. In February 2022, the highest price was recorded for prices to Spain ($2,112 per ton) and India ($2,070 per ton), while the average price for exports to Thailand ($2,004 per ton) and the United States ($2,009 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia
In 2022, supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -7% to 1.9K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 382% against the previous year. As a result, imports attained the peak of 2.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $711K in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 316% against the previous year. As a result, imports attained the peak of $1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 180 | 605 | 180 | 593 | 48.8% |
| Free Zones | 33.3 | 34.7 | 149 | 58.7 | 20.8% |
| Brazil | 6.6 | 47.6 | 37.3 | 32.6 | 70.3% |
| India | 9.8 | 64.7 | 8.3 | 22.1 | 31.1% |
| United States | 14.1 | 3.3 | 38.1 | 3.9 | -34.8% |
| Venezuela | N/A | 261 | 96.3 | N/A | -63.1% |
| Others | 5.6 | 20.8 | 47.1 | 0.6 | -52.5% |
| Total | 249 | 1,037 | 556 | 711 | 41.9% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Colombia in 2022:
- China (1246.8 tons)
- Free Zones (416.8 tons)
- India (103.3 tons)
- Brazil (40.2 tons)
- United States (35.8 tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia
In 2022, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from Colombia fell rapidly to 665 tons, with a decrease of -50.6% against 2021 figures. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 350% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then fell sharply in the following year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s fell markedly to $486K in 2022. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 381% against the previous year. As a result, the exports attained the peak of $1.1M, and then plummeted in the following year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 56.7 | 53.2 | N/A | 302 | 74.6% |
| United States | 11.9 | 41.6 | 583 | 93.4 | 98.7% |
| Netherlands | 79.3 | 11.8 | 24.0 | 57.4 | -10.2% |
| China | 367 | N/A | N/A | 22.6 | -60.5% |
| El Salvador | N/A | N/A | N/A | 9.5 | 0% |
| Thailand | N/A | 68.5 | 445 | N/A | 549.6% |
| Malaysia | 88.6 | 50.3 | 41.7 | N/A | -31.4% |
| Others | 92.2 | 8.0 | 29.2 | 0.4 | -83.7% |
| Total | 695 | 233 | 1,123 | 486 | -11.2% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Colombia in 2022:
- Spain (266.1 tons)
- El Salvador (162.9 tons)
- United States (108.8 tons)
- Netherlands (77.6 tons)
- China (49.3 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Colombia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Colombia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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