Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Colombia - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Colombia (CIF) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Colombia
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Colombia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $7,159 per ton, jumping by 50% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs at $9,164 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.1% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Colombia
For the fourth consecutive year, Colombia recorded growth in purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which increased by 116% to 1.2 tons in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $8.8K in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 1.5 | 2.7 | 8.5 | 119.8% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 0.8 | 1.5 | 2.7 | 8.8 | 122.4% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Colombia in 2022:
- United States (1228.0 kg)
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