Price for Ferrous Waste and Scrap; of Stainless Steel in Colombia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Colombia (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Colombia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Colombia
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Colombia
Price for Ferrous Waste and Scrap; of Stainless Steel in Colombia (FOB) - 2022
The average export price for ferrous waste and scrap; of stainless steels stood at $2,540 per ton in February 2022, surging by 23% against the previous month. In general, export price indicated tangible growth from February 2021 to February 2022: its price increased at an average monthly rate of +4.4% 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 stainless steels increased by +44.2% against November 2021 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($9,217 per ton), while the average price for exports to the Netherlands ($1,951 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Colombia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,731 per ton, surging by 48% against the previous year. Overall, the import price showed a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 109% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
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 Germany ($8,402 per ton), while the price for Free Zones ($584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+38.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Colombia
In 2022, approx. 12K tons of ferrous waste and scrap; of stainless steels were exported from Colombia; picking up by 4.6% compared with the year before. In general, exports, however, showed a mild setback. The growth pace was the most rapid in 2021 when exports increased by 17% against the previous year.
In value terms, exports of ferrous waste and scrap; of stainless steels surged to $23M in 2022. Overall, exports posted prominent growth. The growth pace was the most rapid in 2021 when exports increased by 81%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.6 | 2.3 | 4.2 | 6.7 | 23.0% |
| India | 2.3 | 2.6 | 5.8 | 5.6 | 34.5% |
| Netherlands | 2.9 | 0.8 | 4.5 | 4.8 | 18.3% |
| United States | 0.1 | 0.2 | 2.1 | 3.0 | 210.7% |
| Thailand | 3.5 | 4.3 | 2.2 | 1.1 | -32.0% |
| China | N/A | N/A | N/A | 1.0 | 0% |
| Panama | N/A | N/A | N/A | 0.3 | 0% |
| Taiwan (Chinese) | 2.0 | 0.3 | 0.1 | N/A | -77.6% |
| Bangladesh | 1.2 | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | N/A | 0.4 | 0.0% |
| Total | 15.8 | 10.5 | 19.0 | 22.9 | 13.2% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Colombia in 2022:
- India (3.5K tons)
- Spain (3.0K tons)
- Netherlands (2.1K tons)
- United States (1.2K tons)
- China (0.7K tons)
- Thailand (0.7K tons)
- Panama (0.3K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Colombia
In 2022, overseas purchases of ferrous waste and scrap; of stainless steels decreased by -76.5% to 4 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp downturn. The growth pace was the most rapid in 2020 when imports increased by 219%. As a result, imports reached the peak of 167 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ferrous waste and scrap; of stainless steels dropped sharply to $6.9K in 2022. Over the period under review, imports recorded a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 57%. As a result, imports reached the peak of $94K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 90.5 | N/A | 3.5 | -80.3% |
| Free Zones | 29.9 | 2.5 | 2.3 | 1.2 | -65.8% |
| Slovakia | N/A | N/A | N/A | 0.9 | 0% |
| United States | 1.0 | N/A | 12.3 | N/A | 250.7% |
| India | 28.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.6 | 5.4 | 1.3 | 47.2% |
| Total | 59.6 | 93.6 | 20.0 | 6.9 | -51.3% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Colombia in 2022:
- Free Zones (2040.0 kg)
- Slovakia (697.0 kg)
- Germany (418.0 kg)
- United States (2.0 kg)
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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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