Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (CIF) - 2022
In February 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $904 per ton, declining by -2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in September 2021 an increase of 11% against the previous month. The import price peaked at $973 per ton in December 2021; however, from January 2022 to February 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1,322 per ton), while the price for Mexico ($813 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 (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $709 per ton in 2022, declining by -30.7% against the previous year. In general, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. As a result, the export price reached the peak level of $1,023 per ton, and then shrank sharply in the following year.
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 Guatemala ($1,787 per ton), while the average price for exports to Ecuador ($629 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+7.2%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
In 2022, overseas purchases of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were finally on the rise to reach 182K tons after two years of decline. In general, imports, however, showed a deep contraction.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses dropped to $113M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 29%.
Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 107 | 62.6 | 53.0 | 43.3 | -26.0% |
China | N/A | 0.1 | 4.3 | 26.3 | 1521.7% |
Russia | 3.2 | N/A | 33.5 | 18.2 | 78.5% |
Brazil | 18.2 | 27.0 | 9.5 | 15.3 | -5.6% |
Spain | 3.3 | 2.2 | 3.8 | 2.4 | -10.1% |
Venezuela | N/A | N/A | 4.7 | 2.3 | -51.1% |
Hong Kong SAR | N/A | N/A | N/A | 2.2 | 0% |
Ukraine | N/A | N/A | 12.3 | 0.1 | -99.2% |
Argentina | 8.5 | 1.4 | N/A | N/A | -83.5% |
Others | 10.0 | 5.1 | 5.9 | 2.5 | -37.0% |
Total | 151 | 98.4 | 127 | 113 | -9.2% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Colombia in 2022:
- Mexico (72.4K tons)
- China (41.2K tons)
- Russia (31.3K tons)
- Brazil (22.7K tons)
- Venezuela (4.2K tons)
- Hong Kong SAR (3.5K tons)
- Spain (2.4K tons)
- Ukraine (0.2K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia
After two years of decline, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by 288% to 576 tons in 2022. Overall, exports, however, continue to indicate a deep slump.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $408K in 2022. Over the period under review, exports, however, recorded a abrupt descent.
Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | N/A | 342 | N/A | 371 | 4.2% |
Ecuador | 465 | 191 | 141 | 24.6 | -62.5% |
Guatemala | 169 | 38.2 | 8.4 | 12.2 | -58.4% |
Dominican Republic | 125 | 10.5 | N/A | N/A | -91.6% |
Peru | N/A | 81.9 | N/A | N/A | 0% |
Others | 7.3 | N/A | 2.8 | N/A | -38.1% |
Total | 766 | 664 | 152 | 408 | -18.9% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Colombia in 2022:
- Venezuela (530.0 tons)
- Ecuador (39.0 tons)
- Guatemala (6.8 tons)
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