Report Update Jan 1, 2025

Colombia - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Colombia

The Colombian concrete reinforcing bar market contracted sharply to $X in 2022, dropping by -77.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a abrupt setback. Concrete reinforcing bar consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports from Colombia

After two years of decline, shipments abroad of concrete reinforcing bars increased by 11% to X tons in 2022. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of 1,401%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, concrete reinforcing bar exports dropped to $X in 2022. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of 1,205%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons) and Ecuador (X tons) were the main destinations of concrete reinforcing bar exports from Colombia.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +57.6%).

In value terms, Peru ($X) emerged as the key foreign market for concrete reinforcing bars exports from Colombia, comprising 69% of total exports. The second position in the ranking was held by Ecuador ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru totaled +53.1%.

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, dropping by -11.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $X 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 ($X per ton), while the average price for exports to Ecuador amounted to $X 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

Imports into Colombia

In 2022, the amount of concrete reinforcing bars imported into Colombia fell significantly to X tons, which is down by -82.6% compared with the previous year. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 91% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, concrete reinforcing bar imports contracted sharply to $X in 2022. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2015 with an increase of 51%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Mexico (X tons), Turkey (X tons) and Brazil (X tons) were the main suppliers of concrete reinforcing bar imports to Colombia, together comprising 85% of total imports. Peru and Venezuela lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Venezuela (with a CAGR of +62.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), Turkey ($X) and Peru ($X) were the largest concrete reinforcing bar suppliers to Colombia, with a combined 86% share of total imports. Brazil and Venezuela lagged somewhat behind, together comprising a further 13%.

Venezuela, with a CAGR of +68.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, jumping by 38% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +72.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for concrete reinforcing bars in the world?

China constituted the country with the largest volume of concrete reinforcing bar consumption, comprising approx. 19% of total volume. Moreover, concrete reinforcing bar consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the largest producers of concrete reinforcing bars in the world?

The countries with the highest volumes of in 2021 were China, Turkey and the United States, with a combined 38% share of global production. India, Japan, Russia, Brazil, Mexico, Vietnam, the Philippines, Nigeria, Iran and Egypt lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of concrete reinforcing bars to Colombia?

In value terms, the largest concrete reinforcing bar suppliers to Colombia were Mexico, Brazil and Turkey, with a combined 94% share of total imports. Peru lagged somewhat behind, accounting for a further 1.8%.

What are the leading importers of concrete reinforcing bars from Colombia?

In value terms, Curacao emerged as the key foreign market for concrete reinforcing bar exports from Colombia, comprising 64% of total exports. The second position in the ranking was occupied by Peru, with a 25% share of total exports.

What is the average export price for concrete reinforcing bars in Colombia?

The average concrete reinforcing bar export price stood at $964 per ton in 2021, growing by 4.6% against the previous year.

What is the average import price for concrete reinforcing bars in Colombia?

In 2021, the average concrete reinforcing bar import price amounted to $680 per ton, jumping by 26% against the previous year.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024