Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia - 2022

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia (FOB) - 2022
2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia (CIF) - 2022
3. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia
4. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia (FOB) - 2022

The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $8,171 per ton in 2022, increasing by 58% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($8,249 per ton), while the average price for exports to Ecuador amounted to $5,580 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+2.4%).

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia (CIF) - 2022

Colombia has no trade partners to describe.

Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia

In 2022, overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -57.6% to 9.4 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 63% against the previous year. As a result, the exports reached the peak of 40 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses plummeted to $77K in 2022. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 63%. As a result, the exports reached the peak of $214K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Colombia in 2022:

1. Costa Rica (9.2 tons)
2. Ecuador (0.3 tons)

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Colombia

In 2022, overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -82.5% to 7 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 59% against the previous year. As a result, imports attained the peak of 86 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses fell notably to $55 in 2022. In general, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, imports attained the peak of $433. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Colombia in 2022:

Source: IndexBox Market Intelligence Platform