Colombia: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Colombia

The Colombian market for tube or pipe fittings (of iron or steel) fell to $X in 2022, waning by -9.6% 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 showed a abrupt downturn. Iron or steel tube fitting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Colombia

In 2022, overseas shipments of tube or pipe fittings (of iron or steel) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 28%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 12% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Ecuador (X tons) and Costa Rica (X tons) were the main destinations of iron or steel tube fitting exports from Colombia, with a combined 69% share of total exports. Singapore, Brazil, Canada, Nicaragua, Panama, Mexico and Venezuela lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +91.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for iron or steel tube fitting exported from Colombia were the United States ($X), Ecuador ($X) and Singapore ($X), with a combined 65% share of total exports.

Singapore, with a CAGR of +97.5%, 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

In 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, which is down by -10.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Costa Rica ($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 Canada (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Colombia

In 2022, approx. X tons of tube or pipe fittings (of iron or steel) were imported into Colombia; which is down by -7.8% on 2021. Over the period under review, imports saw a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of 25%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting imports contracted to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest iron or steel tube fitting supplier to Colombia, accounting for a 74% share of total imports. Moreover, iron or steel tube fitting 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 held by Spain (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.4% per year) and Spain (-11.0% per year).

In value terms, China ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Colombia, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports. It was followed by Italy, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.7% per year) and Italy (-14.1% per year).

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, dropping by -1.8% against the previous year. Over the period under review, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 11%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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