Colombia: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Colombia

In 2021, after three years of growth, there was significant decline in the Colombian metal hot-worked helical spring market, when its value decreased by -16.2% to $X. Over the period under review, consumption, however, saw a prominent increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Colombia

In 2021, after three years of decline, there was significant growth in overseas shipments of iron or steel hot-worked helical springs, when their volume increased by 309% to X tons. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. Overall, exports, however, showed a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons), Ecuador (X tons) and Cuba (X tons) were the main destinations of metal hot-worked helical spring exports from Colombia, together accounting for 67% of total exports. The Dominican Republic, the United States, Peru, Jamaica, Guatemala, Costa Rica and Portugal lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +102.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hot-worked helical spring exported from Colombia were Ecuador ($X), Panama ($X) and Peru ($X), with a combined 61% share of total exports. The United States, the Dominican Republic, Cuba, Guatemala, Costa Rica, Jamaica and Portugal lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +78.5%, recorded the highest growth rate of 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

The average metal hot-worked helical spring export price stood at $X per ton in 2021, declining by -26.2% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Panama ($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 Portugal (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Colombia

In 2021, metal hot-worked helical spring imports into Colombia rose remarkably to X tons, picking up by 13% on 2020. In general, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 72% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal hot-worked helical spring imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 106% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of metal hot-worked helical spring imports to Colombia, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +59.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Colombia, comprising 31% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Brazil, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.4% per year) and Brazil (+25.9% per year).

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2021, picking up by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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