Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia (CIF) - 2022
In February 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $15,869 per ton, with an increase of 2.8% against the previous month. Overall, the import price recorded a strong increase. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 136% against the previous month. The import price peaked at $25,524 per ton in May 2021; however, from June 2021 to February 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($34,636 per ton), while the price for China ($5,524 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 China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $9,515 per ton, growing by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2017 when the average export price increased by 26% against the previous year. The export price peaked at $11,013 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 France ($14,855 per ton), while the average price for exports to Panama ($5,359 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 El Salvador (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia
Imports of iron or steel; non-threaded cotters and cotter-pinses into Colombia expanded modestly to 1K tons in 2022, growing by 4.2% against the previous year's figure. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $18M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.0 | 5.7 | 7.3 | 8.7 | 2.8% |
| China | 2.2 | 1.6 | 2.3 | 3.2 | 13.3% |
| Italy | 0.8 | 1.0 | 1.4 | 2.2 | 40.1% |
| Japan | 1.3 | 0.5 | 0.8 | 0.9 | -11.5% |
| India | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Brazil | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Spain | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 2.1 | 1.2 | 1.6 | 1.7 | -6.8% |
| Total | 14.8 | 10.4 | 13.9 | 17.5 | 5.7% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Colombia in 2022:
- China (588.1 tons)
- United States (230.6 tons)
- Italy (61.0 tons)
- Japan (28.0 tons)
- Brazil (23.2 tons)
- India (15.7 tons)
- Spain (15.4 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia
In 2022, approx. 18 tons of iron or steel; non-threaded cotters and cotter-pinses were exported from Colombia; declining by -68.5% against 2021 figures. In general, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 50%. As a result, the exports attained the peak of 57 tons, and then contracted markedly in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses contracted sharply to $170K in 2022. Overall, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, the exports reached the peak of $519K, and then fell remarkably in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 81.3 | 62.0 | 98.6 | 68.8 | -5.4% |
| United States | N/A | N/A | 4.0 | 37.2 | 830.0% |
| Guatemala | 16.8 | 16.5 | 62.9 | 11.0 | -13.2% |
| Mexico | 61.1 | 17.5 | 21.4 | 10.2 | -44.9% |
| France | N/A | N/A | N/A | 8.3 | 0% |
| Costa Rica | 93.0 | 53.6 | 74.4 | 7.5 | -56.8% |
| El Salvador | 15.6 | 19.1 | 2.6 | 6.8 | -24.2% |
| Panama | 22.5 | 17.9 | 12.0 | 6.0 | -35.6% |
| Honduras | 41.5 | 24.7 | 55.1 | 5.0 | -50.6% |
| Peru | 9.8 | 2.6 | 27.6 | 3.7 | -27.7% |
| Dominican Republic | 66.2 | 85.5 | 38.4 | N/A | -23.8% |
| Saudi Arabia | 12.3 | 4.8 | 43.5 | N/A | 88.1% |
| Others | 8.0 | 76.9 | 78.2 | 5.6 | -11.2% |
| Total | 428 | 381 | 519 | 170 | -26.5% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Colombia in 2022:
- Ecuador (8.7 tons)
- United States (2.5 tons)
- Mexico (1.5 tons)
- Panama (1.1 tons)
- El Salvador (0.8 tons)
- Guatemala (0.8 tons)
- Costa Rica (0.7 tons)
- France (0.6 tons)
- Peru (0.5 tons)
- Honduras (0.4 tons)
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