Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $1,165 per ton in February 2022, picking up by 72% against the previous month. In general, export price indicated a tangible expansion from February 2021 to February 2022: its price increased at an average monthly rate of +4.1% 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; remelting scrap ingots of iron or steels increased by +72.4% against January 2022 indices. Over the period under review, the average export prices hit record highs at $1,458 per ton in May 2021; however, from June 2021 to February 2022, the export prices remained at a lower figure.
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 Taiwan (Chinese) ($369 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 Thailand (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia (CIF) - 2022
In February 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $277 per ton, increasing by 2.3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2021 an increase of 18% m-o-m. The import price peaked at $336 per ton in September 2021; however, from October 2021 to February 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($959 per ton), while the price for Germany ($71.0 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 Venezuela (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia
In 2022, approx. 38K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Colombia; with a decrease of -40.6% against the previous year's figure. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. As a result, the exports reached the peak of 64K tons, and then shrank sharply in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels totaled $35M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.7 | 2.9 | 4.4 | 7.6 | 27.1% |
| India | 5.6 | 5.1 | 7.7 | 6.6 | 5.6% |
| Netherlands | 3.6 | 1.2 | 5.1 | 5.9 | 17.9% |
| United States | 0.5 | 0.4 | 3.6 | 4.1 | 101.7% |
| Taiwan (Chinese) | 5.9 | 2.6 | 5.3 | 3.9 | -12.9% |
| Thailand | 4.5 | 7.5 | 7.3 | 3.0 | -12.6% |
| Bangladesh | 2.0 | N/A | 0.9 | 1.8 | -3.5% |
| South Korea | 2.1 | 0.5 | N/A | N/A | -76.2% |
| Others | 0.8 | 0.6 | 0.2 | 2.2 | 40.1% |
| Total | 28.6 | 20.8 | 34.5 | 35.0 | 7.0% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Colombia in 2022:
- Taiwan (Chinese) (10.3K tons)
- Netherlands (5.0K tons)
- Bangladesh (4.8K tons)
- Thailand (4.7K tons)
- India (4.2K tons)
- United States (3.6K tons)
- Spain (3.5K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Colombia shrank significantly to 23K tons, which is down by -44.7% compared with 2021. In general, imports faced a dramatic slump. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank dramatically to $6.8M in 2022. Overall, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 55%.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cayman Islands | N/A | N/A | 2.1 | 2.1 | 0.0% |
| Panama | N/A | 0.2 | 6.1 | 1.9 | 208.2% |
| China | 0.2 | 0.6 | 0.3 | 0.9 | 65.1% |
| Turks and Caicos Islands | 0.2 | N/A | N/A | 0.4 | 26.0% |
| Venezuela | 1.9 | 0.3 | 1.0 | 0.4 | -40.5% |
| Free Zones | 1.0 | 0.2 | 0.4 | 0.3 | -33.1% |
| United States | 13.9 | 0.1 | 0.1 | 0.2 | -75.7% |
| Ecuador | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Chile | 0.2 | 0.5 | 0.7 | N/A | 87.1% |
| British Virgin Islands | 0.6 | N/A | 0.5 | N/A | -8.7% |
| Canada | 2.8 | 5.3 | N/A | N/A | 89.3% |
| Others | 0.2 | 0.4 | 0.7 | 0.6 | 44.2% |
| Total | 21.2 | 7.8 | 12.1 | 6.8 | -31.5% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Colombia in 2022:
- Cayman Islands (7.5K tons)
- Panama (4.9K tons)
- Venezuela (1.8K tons)
- Turks and Caicos Islands (1.5K tons)
- Free Zones (1.5K tons)
- China (1.1K tons)
- Ecuador (0.8K tons)
- United States (0.5K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Colombia.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
545
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Colombia.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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