Colombia: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Colombia

The Colombian market for iron or steel leaf-springs and leaves declined to $X in 2020, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Consumption peaked at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

Production of Iron Or Steel Leaf-Springs And Leaves in Colombia

In value terms, production of iron or steel leaf-springs and leaves shrank to $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Production peaked at $X in 2009; however, from 2010 to 2020, production failed to regain the momentum.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Colombia

In 2020, the amount of iron or steel leaf-springs and leaves exported from Colombia skyrocketed to X tons, increasing by X% on the previous year's figure. In general, exports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2009 to 2020, the growth of exports remained at a lower figure.

In value terms, exports of iron or steel leaf-springs and leaves rose slightly to $X in 2020. Overall, exports, however, saw a slight reduction. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

Peru (X tons), Ecuador (X tons) and the U.S. (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from Colombia, with a combined X% share of total exports. These countries were followed by Chile, Guatemala, the Dominican Republic and Brazil, which together accounted for a further X 2007 to 2020, the biggest increases were in Brazil (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel leaf-spring and leave exported from Colombia were Peru ($X), the U.S. ($X) and Ecuador ($X), together comprising X% of total exports. Chile, Guatemala, Brazil and the Dominican Republic lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest growth rate of the value of exports, among 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

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, falling by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Colombia

In 2020, overseas purchases of iron or steel leaf-springs and leaves decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. In general, imports, however, showed a tangible expansion. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel leaf-springs and leaves rose remarkably to $X in 2020. Overall, imports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

Mexico (X tons), China (X tons) and the U.S. (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to Colombia, with a combined X% share of total imports. These countries were followed by Venezuela, Ecuador, Peru and Brazil, which together accounted for a further X 2007 to 2020, the biggest increases were in Ecuador (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of iron or steel leaf-spring and leave to Colombia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average import price for iron or steel leaf-springs and leaves amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2017 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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