Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia (CIF) - 2022
In February 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,906 per ton, surging by 29% against the previous month. Overall, import price indicated prominent growth from February 2021 to February 2022: its price increased at an average monthly rate of +6.1% 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, import price for iron or non-alloy steel wire, not plated or coateds increased by +40.2% against November 2021 indices. The most prominent rate of growth was recorded in March 2021 an increase of 34% against the previous month. Over the period under review, average import prices attained the maximum in February 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7,746 per ton), while the price for Portugal ($1,608 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 Ecuador (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,341 per ton, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $1,481 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($1,947 per ton), while the average price for exports to the United States ($1,218 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 Costa Rica (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia
In 2022, purchases abroad of iron or non-alloy steel wire, not plated or coateds decreased by -37.5% to 3.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds declined dramatically to $5.8M in 2022. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports reached the peak of $7.1M, and then plummeted in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 900 | 1,022 | 1,717 | 1,776 | 25.4% |
| China | 460 | 584 | 2,129 | 1,733 | 55.6% |
| Mexico | 234 | 175 | 318 | 670 | 42.0% |
| Portugal | 138 | 219 | 1,308 | 664 | 68.8% |
| Ecuador | 634 | 292 | 283 | 362 | -17.0% |
| Spain | 3.7 | 37.6 | 168 | 153 | 245.8% |
| Taiwan (Chinese) | 116 | 120 | 24.1 | 78.0 | -12.4% |
| El Salvador | 444 | 1,193 | 277 | 74.7 | -44.8% |
| Turkey | 194 | 99.6 | 534 | 63.0 | -31.3% |
| Others | 245 | 409 | 292 | 189 | -8.3% |
| Total | 3,369 | 4,151 | 7,051 | 5,763 | 19.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Colombia in 2022:
- Thailand (1046.1 tons)
- China (1029.8 tons)
- Ecuador (386.0 tons)
- Portugal (376.5 tons)
- Mexico (295.8 tons)
- Spain (141.5 tons)
- Taiwan (Chinese) (60.1 tons)
- El Salvador (41.6 tons)
- Turkey (41.0 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or non-alloy steel wire, not plated or coateds, when their volume increased by 295% to 404 tons. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds surged to $541K in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 111 | 82.7 | 28.4 | 219 | 25.4% |
| Panama | N/A | 0.6 | 30.4 | 154 | 1502.1% |
| Venezuela | N/A | 15.9 | N/A | 68.7 | 107.9% |
| United States | 26.9 | N/A | N/A | 54.6 | 26.6% |
| Guatemala | 9.1 | N/A | 35.9 | 31.9 | 51.9% |
| Peru | N/A | 26.6 | 31.0 | N/A | 16.5% |
| Chile | N/A | 41.0 | N/A | N/A | 0% |
| Others | 16.5 | 6.1 | 9.9 | 12.6 | -8.6% |
| Total | 163 | 173 | 136 | 541 | 49.2% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Colombia in 2022:
- Costa Rica (162.0 tons)
- Panama (115.1 tons)
- Venezuela (49.9 tons)
- United States (44.8 tons)
- Guatemala (23.4 tons)
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