Price for Safety Pins and Other Pins; of Iron or Steel in Colombia - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Colombia (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Colombia (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Colombia
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Colombia

Price for Safety Pins and Other Pins; of Iron or Steel in Colombia (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $4,639 per ton in 2022, rising by 17% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 34% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($14,242 per ton), while the price for China totaled $4,065 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%).

Price for Safety Pins and Other Pins; of Iron or Steel in Colombia (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $6,190 per ton in 2022, which is down by -28.6% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for safety pins and other pins; of iron or steels increased by +34.0% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 57%. As a result, the export price attained the peak level of $8,665 per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($20,674 per ton), while the average price for exports to Peru ($4,188 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 Ecuador (+4.4%), while the prices for the other major destinations experienced a decline.

Imports of Safety Pins and Other Pins; of Iron or Steel in Colombia

In 2022, the amount of safety pins and other pins; of iron or steels imported into Colombia was estimated at 49 tons, flattening at 2021. Overall, imports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year.

In value terms, imports of safety pins and other pins; of iron or steels skyrocketed to $226K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Colombia in 2022:

1. China (46.5 tons)
2. Spain (1.5 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Colombia

In 2022, exports of safety pins and other pins; of iron or steels from Colombia skyrocketed to 2.8 tons, picking up by 1,009% against 2021 figures. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels surged to $17K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Colombia in 2022:

1. Peru (2405.0 kg)
2. Ecuador (267.0 kg)
3. Venezuela (61.0 kg)
4. Mexico (34.0 kg)

Source: IndexBox Market Intelligence Platform