
Colombia - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Cold-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingColombia: Cold-Rolled Steel Products Market 2025
Cold-Rolled Steel Products Market Size in Colombia
The Colombian cold-rolled steel products market declined notably to $X in 2022, waning by -17% 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). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.
Cold-Rolled Steel Products Exports
Exports from Colombia
After four years of growth, shipments abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) decreased by -78.8% to X tons in 2022. Over the period under review, exports, however, saw mild growth. The most prominent rate of growth was recorded in 2019 when exports increased by 237% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced notably in the following year.
In value terms, cold-rolled steel products exports declined significantly to $X in 2022. Overall, exports, however, continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2019 when exports increased by 168%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped notably in the following year.
Exports by Country
Venezuela (X tons), Costa Rica (X tons) and Ecuador (X tons) were the main destinations of cold-rolled steel products exports from Colombia, together comprising 96% of total exports.
From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +7.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Venezuela ($X), Costa Rica ($X) and Ecuador ($X) were the largest markets for cold-rolled steel products exported from Colombia worldwide, together accounting for 91% of total exports.
Ecuador, with a CAGR of +20.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2022, the average cold-rolled steel products export price amounted to $X per ton, with an increase of 37% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Costa Rica ($X 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 Taiwan (Chinese) (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cold-Rolled Steel Products Imports
Imports into Colombia
In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) imported into Colombia dropped to X tons, falling by -14.5% compared with the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of X tons, and then contracted in the following year.
In value terms, cold-rolled steel products imports dropped notably to $X in 2022. Over the period under review, imports showed a slight reduction. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.
Imports by Country
In 2022, China (X tons) constituted the largest cold-rolled steel products supplier to Colombia, accounting for a 51% share of total imports. Moreover, cold-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 9% share.
From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.4% per year) and South Korea (+6.2% per year).
In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Colombia, comprising 53% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by South Korea, with a 6.9% share.
From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.9% per year) and South Korea (+2.5% per year).
Import Prices by Country
The average cold-rolled steel products import price stood at $X per ton in 2022, falling by -5.2% against the previous year. Overall, the import price recorded a mild reduction. The growth pace was the most rapid in 2017 an increase of 26%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cold-rolled steel products 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 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
- Prodcom 24104150 - Electrical sheet and strip, grain non-oriented of a width . .600 mm
- Prodcom 241041Z0 - Uncoated cold-rolled sheet, plate and strip (including electrical sheet and strip not finally annealed), of a width . .600 mm, of steel other than stainless steel
- Prodcom 24104200 - Cold-rolled sheet, plate and wide strip of a width of .600 mm or more (of stainless steel)
- Prodcom 24104300 - Flat-rolled products of alloy steel other than stainless, of a width of . .600 mm, simply cold-rolled (excluding products of high-speed steel or silicon-electrical steel)
- Prodcom 24321025 - Flat-rolled products of iron or non-alloy steel, of a width of < .600 mm, simply cold-rolled
- Prodcom 243210Z1 - Cold-rolled narrow strip and cold-rolled slit strip, of non-alloy steel and of alloy steel (other than stainless steel), of a width < .600 mm
- Prodcom 243210Z2 - Cold-rolled narrow strip and cold-rolled slit strip, of stainless steel (excluding insulated electric strip, corrugated strip with one edge serrated or bevelled), of a width < .600 mm
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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