Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia - 2024

Contents:

1. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia (CIF) - 2024
2. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia
4. Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia (CIF) - 2024

In February 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,638 per ton, picking up by 11% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 46% against the previous month. As a result, import price attained the peak level of $5,594 per ton. From December 2023 to February 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the United States ($20,902 per ton), while the price for China ($2,938 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Spain (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia (FOB) - 2022

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $7,951 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 70%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($18,060 per ton), while the average price for exports to Mexico ($4,025 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 Cuba (+91.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia

In 2022, the amount of iron or steel cast fittings, other than of non-malleable cast ira imported into Colombia reached 4.4K tons, increasing by 7.5% against the previous year's figure. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira rose markedly to $16M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Colombia in 2022:

1. China (4.2K tons)
2. United States (0.1K tons)

Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Colombia

In 2022, exports of iron or steel cast fittings, other than of non-malleable cast ira from Colombia dropped dramatically to 6.8 tons, shrinking by -69.4% compared with 2021. Over the period under review, exports showed a precipitous shrinkage. The smallest decline of -10.7% was in 2021.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira shrank sharply to $54K in 2022. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 23%.

Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Colombia in 2022:

1. Ecuador (4571.0 kg)
2. Mexico (997.0 kg)
3. Costa Rica (404.0 kg)
4. Panama (364.0 kg)
5. El Salvador (355.0 kg)
6. Venezuela (50.0 kg)
7. Guatemala (20.0 kg)
8. United States (8.0 kg)

Source: IndexBox Market Intelligence Platform