Price for Stainless Steel in Ingots or Other Primary Forms in Colombia - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Colombia (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Colombia (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Colombia
- Exports of Stainless Steel in Ingots or Other Primary Forms in Colombia
Price for Stainless Steel in Ingots or Other Primary Forms in Colombia (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $5,649 per ton in 2022, with a decrease of -9.2% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 59%. The import price peaked at $7,692 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($7,005 per ton), while the price for the United States amounted to $5,317 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel in Ingots or Other Primary Forms in Colombia (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $6,000 per ton, which is down by -59.1% against the previous year. Over the period under review, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 115% against the previous year. The export price peaked at $28,587 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($32,000 per ton), while the average price for exports to the Dominican Republic stood at $26,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Stainless Steel in Ingots or Other Primary Forms in Colombia
In 2022, approx. 53 tons of stainless steel in ingots or other primary forms were imported into Colombia; rising by 93% compared with 2021 figures. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms surged to $298K in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.8 | 26.1 | 36.4 | 239 | 212.9% |
| Sweden | 2.7 | 8.9 | 31.2 | 54.2 | 171.8% |
| Panama | 11.1 | 22.7 | 34.6 | N/A | 76.6% |
| Canada | 3.2 | 6.1 | 8.4 | N/A | 62.0% |
| Others | 45.2 | 51.1 | 59.1 | 4.8 | -52.6% |
| Total | 70.0 | 115 | 170 | 298 | 62.1% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Colombia in 2022:
- United States (44.9 tons)
- Sweden (7.7 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Colombia
For the third year in a row, Colombia recorded decline in shipments abroad of stainless steel in ingots or other primary forms, which decreased by -71.2% to 15 kg in 2022. Over the period under review, exports faced a dramatic curtailment. The smallest decline of -13% was in 2020.
In value terms, exports of stainless steel in ingots or other primary forms reduced notably to $90 in 2022. In general, exports continue to indicate a sharp downturn. The smallest decline of -9.9% was in 2020.
| Export of Stainless Steel in Ingots or Other Primary Forms in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 75.0 | 53.0 | 26.0 | 64.0 | -5.1% |
| Dominican Republic | 7.0 | 4.0 | 2.0 | 26.0 | 54.9% |
| Ecuador | 42.0 | 24.0 | 7.0 | N/A | -59.2% |
| Aruba | N/A | N/A | 9.0 | N/A | 0% |
| United States | 47.0 | 32.0 | 14.0 | N/A | -45.4% |
| Panama | 731 | 715 | 662 | N/A | -4.8% |
| Others | 48.0 | 28.0 | 42.0 | N/A | -6.5% |
| Total | 950 | 856 | 762 | 90.0 | -54.4% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Colombia in 2022:
- Venezuela (2.0 kg)
- Dominican Republic (1.0 kg)
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