Price for Steel, Stainless; Ingots and Other Primary Forms in Colombia - 2022

Contents:

  1. Price for Steel, Stainless; Ingots and Other Primary Forms in Colombia (CIF) - 2022
  2. Price for Steel, Stainless; Ingots and Other Primary Forms in Colombia (FOB) - 2022
  3. Imports of Steel, Stainless; Ingots and Other Primary Forms in Colombia
  4. Exports of Steel, Stainless; Ingots and Other Primary Forms in Colombia

Price for Steel, Stainless; Ingots and Other Primary Forms in Colombia (CIF) - 2022

In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $1,059 per ton, which is down by -89.5% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 249%. The import price peaked at $10,114 per ton in 2021, and then declined dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -4.2% per year.

Price for Steel, Stainless; Ingots and Other Primary Forms in Colombia (FOB) - 2022

The average export price for steel, stainless; ingots and other primary formses stood at $26,000 per ton in 2022, surging by 53% against the previous year. Overall, the export price, however, showed a deep contraction. Over the period under review, the average export prices attained the peak figure at $100,000 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2013 to 2022, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Imports of Steel, Stainless; Ingots and Other Primary Forms in Colombia

Imports of steel, stainless; ingots and other primary formses into Colombia skyrocketed to 8.5 tons in 2022, surging by 2,254% compared with the year before. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; ingots and other primary formses skyrocketed to $9K in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 269%. As a result, imports reached the peak of $14K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Steel, Stainless; Ingots and Other Primary Forms in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.34.10.39.0210.7%
Canada1.5N/AN/AN/A0%
Others2.110.33.3N/A25.4%
Total3.914.43.69.032.1%

Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Colombia in 2022:

  1. United States (8.5 tons)

Exports of Steel, Stainless; Ingots and Other Primary Forms in Colombia

Exports of steel, stainless; ingots and other primary formses from Colombia fell rapidly to 1 kg in 2022, reducing by -75% against the previous year's figure. Overall, exports faced a dramatic setback.

In value terms, exports of steel, stainless; ingots and other primary formses fell sharply to $26 in 2022. In general, exports continue to indicate a significant decrease.

Export of Steel, Stainless; Ingots and Other Primary Forms in Colombia (USD)
COUNTRY20212022CAGR,
2021-2022
Dominican RepublicN/A26.00%
France68.0N/A0%
OthersN/AN/A0%
Total68.026.0-61.8%

Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Colombia in 2022:

  1. Dominican Republic (1.0 kg)

Source: IndexBox Market Intelligence Platform

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