Colombia - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in Colombia - 2022
Contents:
- Concrete Reinforcing Bar Price in Colombia (CIF) - 2022
- Concrete Reinforcing Bar Price in Colombia (FOB) - 2022
- Concrete Reinforcing Bar Imports in Colombia
- Concrete Reinforcing Bar Exports in Colombia
Concrete Reinforcing Bar Price in Colombia (CIF) - 2022
The average concrete reinforcing bar import price stood at $810 per ton in February 2022, with a decrease of -4.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in June 2021 when the average import price increased by 19% month-to-month. Over the period under review, average import prices hit record highs at $974 per ton in November 2021; however, from December 2021 to February 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Peru ($842 per ton), while the price for Turkey ($788 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 Venezuela (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Concrete Reinforcing Bar Price in Colombia (FOB) - 2022
The average concrete reinforcing bar export price stood at $927 per ton in 2022, shrinking by -11.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum at $1,155 per ton in 2018; however, from 2019 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 Peru ($1,091 per ton), while the average price for exports to Ecuador stood at $695 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Concrete Reinforcing Bar Imports in Colombia
In 2022, imports of concrete reinforcing bars into Colombia contracted sharply to 41K tons, shrinking by -82.6% against 2021. In general, imports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 5%.
In value terms, concrete reinforcing bar imports reduced remarkably to $38M in 2022. Over the period under review, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year.
Import of Concrete Reinforcing Bar in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 112 | 70.7 | 76.6 | 17.1 | -46.6% |
Turkey | 24.4 | 13.4 | 50.8 | 11.3 | -22.6% |
Peru | 6.4 | 0.1 | 18.6 | 4.1 | -13.8% |
Brazil | 65.1 | 29.8 | 1.6 | 3.9 | -60.9% |
Venezuela | 0.1 | 1.9 | 3.9 | 0.9 | 108.0% |
Others | 14.3 | 5.2 | 7.3 | 0.7 | -63.4% |
Total | 223 | 121 | 159 | 38.1 | -44.5% |
Top Suppliers of Concrete Reinforcing Bar to Colombia in 2022:
- Mexico (15.7K tons)
- Turkey (13.3K tons)
- Brazil (5.8K tons)
- Peru (4.2K tons)
- Venezuela (1.0K tons)
Concrete Reinforcing Bar Exports in Colombia
In 2022, overseas shipments of concrete reinforcing bars increased by 11% to 224 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt descent.
In value terms, concrete reinforcing bar exports fell slightly to $208K in 2022. In general, exports, however, faced a deep slump.
Export of Concrete Reinforcing Bar in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Peru | 17.8 | 53.5 | 60.0 | 143 | 100.3% |
Ecuador | 12.4 | 191 | 3.3 | 64.5 | 73.3% |
Venezuela | N/A | N/A | 88.3 | N/A | 0% |
Aruba | 178 | N/A | N/A | N/A | 0% |
Curacao | 86.3 | N/A | N/A | N/A | 0% |
Others | 30.1 | N/A | 58.8 | N/A | 39.8% |
Total | 324 | 244 | 210 | 208 | -13.7% |
Top Export Markets for Concrete Reinforcing Bar from Colombia in 2022:
- Peru (131.4 tons)
- Ecuador (92.8 tons)
This report provides an in-depth analysis of the concrete reinforcing bar market 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 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
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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