Key Market Indicators
Colombia's import of metal products is projected to rise to approximately $260 million by 2028, up from $244 million in 2023. This marks an average annual growth rate of 1.1%. Since 1996, the country's demand for metal products has increased at an average rate of 1.3% per year. On the export front, Colombia's metal products are expected to see a decline. Exports are forecasted to drop to roughly $47 million by 2028, down from $50 million in 2023. This represents an average annual decrease of 1.3%. Historically, Colombian metal product exports have fallen at an average rate of 2% per year since 1996.
