Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia - 2022

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia (CIF) - 2022

The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $3,887 per ton in 2022, picking up by 20% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel; flat-rolled products of width less than 600mms increased by +71.0% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain 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 the United States ($21,909 per ton), while the price for Brazil ($1,852 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia (FOB) - 2022

The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $9,970 per ton in 2022, falling by -4.1% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 stainless steel; flat-rolled products of width less than 600mms decreased by -6.6% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 58%. The export price peaked at $12,314 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($21,166 per ton), while the average price for exports to Panama ($5,863 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 Venezuela (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia

In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms imported into Colombia rose sharply to 1.9K tons, growing by 11% against 2021. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 +72.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms surged to $7.2M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Colombia in 2022:

1. China (775.3 tons)
2. Turkey (481.1 tons)
3. Mexico (332.9 tons)
4. Taiwan (Chinese) (104.2 tons)
5. Brazil (80.2 tons)
6. United States (15.3 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Colombia

In 2022, overseas shipments of stainless steel; flat-rolled products of width less than 600mms decreased by -11.9% to 13 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 82%.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms reduced rapidly to $134K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 82%.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Colombia in 2022:

1. Peru (8.4 tons)
2. Guatemala (3.4 tons)
3. Ecuador (0.7 tons)
4. Chile (0.5 tons)
5. Panama (0.3 tons)

Source: IndexBox Market Intelligence Platform