Colombia - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron and Steel Wire in Colombia - 2022
Contents:
- Price for Iron and Steel Wire in Colombia (CIF) - 2022
- Price for Iron and Steel Wire in Colombia (FOB) - 2022
- Imports of Iron and Steel Wire in Colombia
- Exports of Iron and Steel Wire in Colombia
Price for Iron and Steel Wire in Colombia (CIF) - 2022
The average iron and steel wire import price stood at $1,339 per ton in February 2022, which is down by -20.1% against the previous month. Over the period under review, import price indicated a tangible increase from February 2021 to February 2022: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, iron and steel wire import price decreased by -20.1% against January 2022 indices. The pace of growth appeared the most rapid in March 2021 an increase of 48% month-to-month. The import price peaked at $1,676 per ton in January 2022, and then contracted markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($1,832 per ton), while the price for Free Zones ($1,023 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Steel Wire in Colombia (FOB) - 2022
The average iron and steel wire export price stood at $1,379 per ton in 2022, shrinking by -26.7% against the previous year. Overall, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 an increase of 49%. The export price peaked at $2,046 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,215 per ton), while the average price for exports to Costa Rica ($1,024 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 Chile (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Steel Wire in Colombia
After three years of growth, supplies from abroad of iron and steel wire decreased by -18.2% to 34K tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of 42K tons, and then plummeted in the following year.
In value terms, iron and steel wire imports declined significantly to $38M in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 103%. As a result, imports reached the peak of $50M, and then shrank significantly in the following year.
| Import of Iron and Steel Wire in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.5 | 6.8 | 12.5 | 9.4 | 27.8% |
| Free Zones | 2.5 | 3.7 | 10.8 | 8.2 | 48.6% |
| China | 6.0 | 3.3 | 9.2 | 7.3 | 6.8% |
| Brazil | 1.2 | 1.2 | 2.2 | 1.7 | 12.3% |
| India | 1.0 | 0.8 | 1.8 | 1.5 | 14.5% |
| Thailand | 0.9 | 1.0 | 1.6 | 1.2 | 10.1% |
| Portugal | 0.1 | 0.4 | 1.2 | 0.9 | 108.0% |
| Argentina | 0.6 | 0.5 | 0.9 | 0.9 | 14.5% |
| Spain | 0.2 | 0.3 | 1.0 | 0.6 | 44.2% |
| Ecuador | 1.6 | 0.7 | 0.3 | 0.6 | -27.9% |
| Others | 5.0 | 6.3 | 9.1 | 5.4 | 2.6% |
| Total | 23.5 | 24.9 | 50.4 | 37.7 | 17.1% |
Top Suppliers of Iron and Steel Wire to Colombia in 2022:
- Free Zones (10.9K tons)
- Turkey (10.2K tons)
- China (5.6K tons)
- India (1.0K tons)
- Brazil (0.9K tons)
- Portugal (0.9K tons)
- Thailand (0.9K tons)
- Spain (0.6K tons)
- Argentina (0.6K tons)
- Ecuador (0.6K tons)
Exports of Iron and Steel Wire in Colombia
Iron and steel wire exports from Colombia surged to 1.2K tons in 2022, with an increase of 161% compared with the previous year's figure. In general, exports, however, showed a perceptible descent.
In value terms, iron and steel wire exports skyrocketed to $1.6M in 2022. Over the period under review, exports, however, showed a deep slump.
| Export of Iron and Steel Wire in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 537 | 1,220 | 152 | 796 | 14.0% |
| Mexico | 720 | 448 | 98.3 | 381 | -19.1% |
| Brazil | 181 | 158 | 171 | 210 | 5.1% |
| United States | 187 | 261 | 183 | 147 | -7.7% |
| Ecuador | 56.5 | 34.4 | 43.5 | 71.9 | 8.4% |
| Chile | 127 | 126 | N/A | N/A | -0.8% |
| Others | 106 | 139 | 199 | 10.3 | -54.0% |
| Total | 1,914 | 2,386 | 846 | 1,616 | -5.5% |
Top Export Markets for Iron and Steel Wire from Colombia in 2022:
- Costa Rica (777.4 tons)
- Mexico (175.1 tons)
- Brazil (95.9 tons)
- United States (66.3 tons)
- Ecuador (53.5 tons)
This report provides an in-depth analysis of the market for iron and steel wire 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 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)
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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This report provides an in-depth analysis of the market for iron and steel wire in Colombia.
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This report provides an in-depth analysis of the market for iron and steel wire in Colombia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Colombia.
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This report provides an in-depth analysis of the market for iron and steel wire in Colombia.
504
This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
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In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1480
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
975
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1195
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
647
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
900
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3499
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
729
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
