Price for Winding Wire, Other than of Copper in Colombia - 2022
Contents:
- Price for Winding Wire, Other than of Copper in Colombia (CIF) - 2022
- Price for Winding Wire, Other than of Copper in Colombia (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Colombia
- Exports of Winding Wire, Other than of Copper in Colombia
Price for Winding Wire, Other than of Copper in Colombia (CIF) - 2022
The average import price for winding wire, other than of coppers stood at $5,762 per ton in February 2022, waning by -1.6% against the previous month. Overall, import price indicated notable growth from February 2021 to February 2022: its price increased at an average monthly rate of +3.1% 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, import price for winding wire, other than of coppers decreased by -14.8% against December 2021 indices. The most prominent rate of growth was recorded in December 2021 an increase of 38% month-to-month. As a result, import price attained the peak level of $6,765 per ton. From January 2022 to February 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($6,318 per ton), while the price for China totaled $5,242 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Colombia (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $6,184 per ton in 2022, almost unchanged from the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 7.1% against the previous year. Over the period under review, the average export prices hit record highs at $10,716 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,667 per ton), while the average price for exports to Costa Rica ($5,548 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 Peru (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in Colombia
For the fourth year in a row, Colombia recorded growth in purchases abroad of winding wire, other than of coppers, which increased by 17% to 1.4K tons in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of winding wire, other than of coppers surged to $7.6M in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Winding Wire, Other than of Copper in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 2.4 | 4.6 | 6.2 | 45.8% |
| Brazil | 0.3 | 0.4 | 0.8 | 1.1 | 54.2% |
| Venezuela | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Hong Kong SAR | 0.1 | 0.6 | 0.2 | N/A | 41.4% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 2.8 | 3.4 | 5.7 | 7.6 | 39.5% |
Top Suppliers of Winding Wire, Other than of Copper to Colombia in 2022:
- China (1228.0 tons)
- Brazil (151.4 tons)
- Venezuela (37.6 tons)
- Hong Kong SAR (3.0 tons)
Exports of Winding Wire, Other than of Copper in Colombia
In 2022, after three years of growth, there was significant decline in overseas shipments of winding wire, other than of coppers, when their volume decreased by -11.5% to 18 tons. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 533% against the previous year. As a result, the exports reached the peak of 21 tons, and then contracted in the following year.
In value terms, exports of winding wire, other than of coppers contracted to $113K in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 506%. As a result, the exports attained the peak of $121K, and then declined in the following year.
| Export of Winding Wire, Other than of Copper in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 8.6 | 1.6 | 92.6 | 62.6 | 93.8% |
| Costa Rica | N/A | 0.4 | 12.3 | 28.7 | 747.1% |
| Panama | 3.8 | 14.2 | 3.7 | 18.9 | 70.7% |
| Peru | N/A | N/A | 11.9 | N/A | 0% |
| United States | N/A | 3.7 | N/A | N/A | 0% |
| Bolivia | 5.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | 2.8 | 1300.0% |
| Total | 18.2 | 19.9 | 121 | 113 | 83.8% |
Top Export Markets for Winding Wire, Other than of Copper from Colombia in 2022:
- Ecuador (10.3 tons)
- Costa Rica (5.2 tons)
- Panama (2.6 tons)
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