Colombia - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Colombia - 2022
Contents:
- Price for Iron or Steel Wire Product in Colombia (CIF) - 2022
- Price for Iron or Steel Wire Product in Colombia (FOB) - 2022
- Imports of Iron or Steel Wire Product in Colombia
- Exports of Iron or Steel Wire Product in Colombia
Price for Iron or Steel Wire Product in Colombia (CIF) - 2022
In 2021, the average import price for iron or steel wire products amounted to $2,006 per ton, growing by 45% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $2,031 per ton in 2012; afterwards, it flattened through to 2021.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,838 per ton), while the price for Belgium ($1,124 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Wire Product in Colombia (FOB) - 2022
The average export price for iron or steel wire products stood at $2,399 per ton in 2021, reducing by -55.4% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 105%. Over the period under review, the average export prices hit record highs at $5,730 per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($8,880 per ton), while the average price for exports to Costa Rica ($1,910 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+3.1%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Steel Wire Product in Colombia
In 2022, after two years of decline, there was significant growth in purchases abroad of iron or steel wire products, when their volume increased by 15% to 6K tons. In general, imports, however, showed a deep contraction.
In value terms, iron or steel wire product imports fell to $9.8M in 2022. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.
Import of Iron or Steel Wire Product in Colombia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Czech Republic | 0.2 | 0.3 | 2.6 | 260.6% | |
China | 2.8 | 2.5 | 2.1 | -13.4% | |
Brazil | 0.4 | 0.6 | 1.5 | 93.6% | |
South Korea | 2.3 | 2.3 | 1.0 | -34.1% | |
India | 2.7 | 1.8 | 0.9 | -42.3% | |
Germany | 0.5 | 0.5 | 0.8 | 26.5% | |
Taiwan (Chinese) | 0.2 | 0.1 | 0.5 | 58.1% | |
Indonesia | 0.4 | 0.2 | 0.1 | -50.0% | |
Belgium | 0.7 | 0.2 | N/A | -71.4% | |
Others | 1.4 | 0.8 | 1.0 | -15.5% | |
Total | 11.6 | 9.3 | 10.4 | -5.3% |
Top Suppliers of Iron or Steel Wire Product to Colombia in 2022:
- Czech Republic (1604.0 tons)
- China (825.6 tons)
- South Korea (720.0 tons)
- Brazil (648.9 tons)
- Germany (480.1 tons)
- India (430.8 tons)
- Taiwan (Chinese) (172.3 tons)
- Indonesia (48.0 tons)
- Belgium (8.9 tons)
Exports of Iron or Steel Wire Product in Colombia
After three years of growth, overseas shipments of iron or steel wire products decreased by -40% to 502 tons in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 399%. As a result, the exports attained the peak of 836 tons, and then declined markedly in the following year.
In value terms, iron or steel wire product exports contracted dramatically to $1.5M in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 123%. As a result, the exports reached the peak of $2M, and then declined sharply in the following year.
Export of Iron or Steel Wire Product in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Ecuador | 218 | 373 | 434 | 41.1% | |
Brazil | 0.1 | N/A | 409 | 6295.3% | |
Peru | 234 | 93.4 | 396 | 30.1% | |
Panama | 66.4 | 80.2 | 283 | 106.4% | |
Dominican Republic | 19.7 | 8.1 | 138 | 164.7% | |
Mexico | 18.1 | 8.6 | 106 | 142.0% | |
Guatemala | 217 | 0.9 | 41.6 | -56.2% | |
Costa Rica | 3.7 | 3.0 | 36.4 | 213.7% | |
Chile | 9.6 | 146 | 15.1 | 25.4% | |
United States | 8.3 | 5.1 | 13.2 | 26.1% | |
Others | 86.9 | 183 | 136 | 25.1% | |
Total | 881 | 902 | 2,007 | 50.9% |
Top Export Markets for Iron or Steel Wire Product from Colombia in 2022:
- Panama (85.8 tons)
- Brazil (72.5 tons)
- Dominican Republic (69.9 tons)
- Peru (54.1 tons)
- Ecuador (48.8 tons)
- Mexico (39.5 tons)
- Costa Rica (19.1 tons)
- Guatemala (7.9 tons)
- United States (5.6 tons)
- Chile (4.0 tons)
This report provides an in-depth analysis of the market for iron or steel wire product in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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