Colombia: Copper Screw Market 2025

Copper Screw Market Size in Colombia

The Colombian copper screw market was estimated at $X in 2021, approximately equating 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, however, posted mild growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Copper Screw Exports

Exports from Colombia

In 2021, the amount of copper screws, bolts and nuts exported from Colombia dropped significantly to X tons, reducing by -50% on the previous year's figure. Over the period under review, exports showed a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of 676% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, copper screw exports reduced rapidly to $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 348%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X kg) was the main destination for copper screw exports from Colombia, with a 73% share of total exports. Moreover, copper screw exports to Ecuador exceeded the volume sent to the second major destination, Mexico (X kg), sevenfold. The third position in this ranking was held by the Dominican Republic (X kg), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+24.2% per year) and the Dominican Republic (0.0% per year).

In value terms, the largest markets for copper screw exported from Colombia were Ecuador ($X), Mexico ($X) and Peru ($X), with a combined 95% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +27.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average copper screw export price amounted to $X per ton, which is down by -37.9% against the previous year. Over the period under review, the export price, however, saw a pronounced increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 132%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+28,589.2%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Colombia

In 2021, the amount of copper screws, bolts and nuts imported into Colombia shrank to X tons, declining by -5.2% on 2020. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2019 when imports increased by 145%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, copper screw imports expanded to $X in 2021. Over the period under review, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 169%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of copper screw to Colombia, accounting for a 90% share of total imports. Moreover, copper screw imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.4% per year) and India (+54.7% per year).

In value terms, China ($X) constituted the largest supplier of copper screws, bolts and nuts to Colombia, comprising 71% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.0% per year) and India (+38.7% per year).

Import Prices by Country

In 2021, the average copper screw import price amounted to $X per ton, picking up by 8.3% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper screw import price decreased by -10.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 42%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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