Colombia: Metal Washer Market 2025

Metal Washer Market Size in Colombia

In 2021, the Colombian metal washer market increased by 37% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +11.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal washer consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Washer Exports

Exports from Colombia

In 2021, overseas shipments of iron or steel washers were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 62%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal washer exports rose sharply to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 76%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons), the United States (X tons) and Guatemala (X tons) were the main destinations of metal washer exports from Colombia, with a combined 61% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +19.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for iron or steel washers exports from Colombia, comprising 31% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 13% share of total exports. It was followed by Costa Rica, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-5.5% per year) and Costa Rica (+1.7% per year).

Export Prices by Country

In 2021, the average metal washer export price amounted to $X per ton, surging by 11% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal washer export price increased by +34.2% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 76% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Guatemala ($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 Honduras (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Colombia

In 2021, purchases abroad of iron or steel washers increased by 49% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 89% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, metal washer imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 99%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal washer supplier to Colombia, accounting for a 78% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.8% per year) and Spain (+44.5% per year).

In value terms, the United States ($X), China ($X) and Spain ($X) appeared to be the largest metal washer suppliers to Colombia, together accounting for 70% of total imports.

Spain, with a CAGR of +46.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, waning by -10.2% against the previous year. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in 2017 when the average import price increased by 16%. The import price peaked at $X per ton in 2013; however, from 2014 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 Taiwan (Chinese) (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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