Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia (FOB) - 2022
In February 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $495 per ton, rising by 27% against the previous month. Over the period under review, the export price enjoyed a notable increase. The growth pace was the most rapid in May 2021 when the average export price increased by 532% m-o-m. As a result, the export price attained the peak level of $2,342 per ton. From June 2021 to February 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,031 per ton), while the average price for exports to Taiwan (Chinese) totaled $369 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $159 per ton, increasing by 18% against the previous year. In general, the import price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $279 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($442 per ton), while the price for Germany ($91 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia
In 2022, the amount of ferrous waste and scrap; of tinned iron or steels exported from Colombia shrank remarkably to 21K tons, reducing by -28.1% against the previous year. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 104%.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels shrank significantly to $8.5M in 2022. Overall, exports showed a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 274% against the previous year. As a result, the exports attained the peak of $11M, and then dropped rapidly in the following year.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 4.5 | 1.5 | 5.3 | 3.9 | -4.7% |
| Bangladesh | N/A | N/A | 0.9 | 1.8 | 100.0% |
| Thailand | 1.0 | 1.0 | 4.4 | 1.5 | 14.5% |
| Netherlands | N/A | N/A | N/A | 0.5 | 0% |
| India | 0.4 | 0.1 | 0.3 | 0.2 | -20.6% |
| Vietnam | N/A | N/A | N/A | 0.1 | 0% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| South Korea | 2.8 | 0.2 | N/A | N/A | -92.9% |
| Others | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Total | 8.8 | 3.0 | 11.1 | 8.5 | -1.1% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Colombia in 2022:
- Taiwan (Chinese) (10.3K tons)
- Bangladesh (4.8K tons)
- Thailand (3.8K tons)
- Netherlands (0.7K tons)
- Vietnam (0.4K tons)
- Spain (0.4K tons)
- India (0.3K tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia
In 2022, after three years of growth, there was significant decline in purchases abroad of ferrous waste and scrap; of tinned iron or steels, when their volume decreased by -79.6% to 1.6K tons. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 422% against the previous year. As a result, imports reached the peak of 7.8K tons, and then contracted significantly in the following year.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels reduced remarkably to $254K in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 503% against the previous year. As a result, imports attained the peak of $1.1M, and then dropped notably in the following year.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 64.1 | 0% |
| Germany | 3.0 | 26.1 | 5.5 | 35.1 | 127.0% |
| Venezuela | N/A | N/A | 756 | 28.8 | -96.2% |
| Free Zones | 31.9 | 110 | 63.8 | 16.0 | -20.5% |
| Turkey | N/A | N/A | N/A | 13.4 | 0% |
| China | N/A | N/A | 13.4 | 6.1 | -54.5% |
| Nicaragua | N/A | N/A | 4.3 | 2.1 | -51.2% |
| South Korea | N/A | N/A | 26.9 | N/A | 0% |
| Turks and Caicos Islands | 58.1 | N/A | N/A | N/A | 0% |
| Others | 5.1 | 39.3 | 189 | 88.6 | 159.0% |
| Total | 98.1 | 176 | 1,059 | 254 | 37.3% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Colombia in 2022:
- Germany (386.0 tons)
- Venezuela (257.1 tons)
- United States (145.0 tons)
- Turkey (100.0 tons)
- Free Zones (70.9 tons)
- China (50.0 tons)
- Nicaragua (20.0 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Colombia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
475
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Colombia.
680
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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